When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) provides a universal language for categorizing products, making it easier for countries to trade with one another. One such HS code is 87149960, which relates to parts and accessories for bicycles and motorcycles. In this article, we will explore the details of this HS code, its product description, duty rates, quantity units, and special tariff preference programs.
The HS code 87149960 refers to parts and accessories for bicycles and motorcycles. Specifically, it includes trigger and twist grip controls for 3-speed hubs, aluminum handlebar stems priced at more than $2.15 each, stem rotor assemblies, and their respective parts. These components play a crucial role in enhancing the functionality, performance, and safety of bicycles and motorcycles.
Trigger and twist grip controls are mechanisms that allow riders to shift gears conveniently while keeping their hands on the handlebars. They provide a seamless and effortless gear shifting experience, ensuring a smooth ride. Aluminum handlebar stems, priced above $2.15 each, offer durability, lightweight construction, and precise handling. Stem rotor assemblies, along with their associated parts, are integral to the proper functioning of the braking system, ensuring efficient and reliable stopping power.
It is worth noting that the product description provided for HS code 87149960 is specific and comprehensive, allowing for accurate classification and facilitating international trade.
The bound or most-favored-nation (MFN) duty rate is an important aspect of international trade agreements. It refers to the rate at which a country imposes import duties on specific goods. In the case of HS code 87149960, the bound or MFN duty rate is free. This means that no import duties are levied when these parts and accessories are brought into a country.
The concept of the bound or MFN duty rate is rooted in the principle of non-discrimination in international trade. It ensures that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle promotes fair and equitable trade practices, encouraging countries to foster transparent and open trade relationships.
The quantity unit associated with HS code 87149960 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight of goods being imported or exported. The use of a standardized quantity unit facilitates accurate calculations, pricing, and logistics management.
When dealing with parts and accessories for bicycles and motorcycles, the quantity unit in kilograms provides a convenient and universally understandable metric for determining the weight of these components. It streamlines the import and export processes, ensuring efficient logistics and accurate cost calculations.
Special tariff preference programs are trade agreements or arrangements that provide specific benefits or concessions to certain goods or trading partners. These programs aim to promote economic cooperation, facilitate trade, and enhance market access for participating countries.
While the specific special tariff preference programs applicable to HS code 87149960 may vary depending on the country involved, it is essential to be aware of any such programs that could provide advantages in terms of reduced duties or preferential treatment. Understanding and utilizing these programs can significantly impact the cost competitiveness and market penetration of parts and accessories for bicycles and motorcycles.
For importers and exporters in the United States, it is crucial to stay informed about the special tariff preference programs available for HS code 87149960. This knowledge can help optimize trade activities, ensure compliance with international trade regulations, and maximize the benefits of preferential treatment.
HS code 87149960 represents parts and accessories for bicycles and motorcycles, including trigger and twist grip controls, aluminum handlebar stems priced above $2.15 each, stem rotor assemblies, and associated parts. This HS code facilitates the standardized classification and international trade of these components.
Understanding the product description, bound or MFN duty rate, quantity unit, and special tariff preference programs associated with HS code 87149960 is crucial for importers, exporters, and other stakeholders involved in the trade of bicycle and motorcycle parts and accessories. By staying informed and leveraging this information effectively, businesses can optimize their trade operations, enhance market access, and ultimately contribute to the growth of the global cycling and motorcycling industry.