HS Code 87149980: Parts and Accessories for Bicycles and Other Cycles
The HS Code 87149980 represents parts and accessories for bicycles and other cycles. This code is used to classify and identify specific products for trade and customs purposes. It helps in the smooth flow of international trade by providing a standardized code for different products.
The product description for HS Code 87149980 states that it includes parts and accessories not elsewhere specified or included, for bicycles and other cycles falling under HS Code 8712. This means that it covers various components and add-ons that enhance the functionality and performance of bicycles and other similar vehicles.
One important aspect to consider when dealing with trade barriers and market access is the bound or most-favored nation (MFN) duty rate. The bound duty rate for HS Code 87149980 is 10%. When 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 ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 87149980 is kilograms (KG). This unit is used to measure the weight of the imported or exported parts and accessories for bicycles and other cycles.
There are also special tariff preference programs applicable to HS Code 87149980. These programs provide certain countries with preferential treatment in terms of duty rates. For example:
- Free trade: Only imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment.
- Australia Special Rate: Australia enjoys a special rate for imports falling under HS Code 87149980.
- Bahrain Special Rate: Bahrain has a special rate for imports of parts and accessories for bicycles and other cycles.
- NAFTA for Canada: Imports from Canada receive duty-free treatment under the North American Free Trade Agreement.
- Chile Special Rate: Chile has a special rate for imports falling under HS Code 87149980.
- Africa Growth and Opportunity Act (AGOA): Imports from eligible African countries receive duty-free treatment under this program.
- Caribbean Basin Initiative (CBI): Imports from eligible Caribbean countries receive duty-free treatment under this initiative.
- Israel Special Rate: Israel enjoys a special rate for imports of parts and accessories for bicycles and other cycles.
- Andean Trade Preference Act (ATPA): Imports from eligible Andean countries receive duty-free treatment under this program.
- Jordan Special Rate: Jordan has a special rate for imports falling under HS Code 87149980.
- Morocco Special Rate: Morocco enjoys a special rate for imports of parts and accessories for bicycles and other cycles.
- NAFTA for Mexico: Imports from Mexico receive duty-free treatment under the North American Free Trade Agreement.
- Oman Special Rate: Oman has a special rate for imports falling under HS Code 87149980.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from eligible countries in the Dominican Republic-Central American Free Trade Agreement receive duty-free treatment.
- Peru Special Rate: Peru has a special rate for imports of parts and accessories for bicycles and other cycles.
- Singapore Special Rate: Singapore enjoys a special rate for imports falling under HS Code 87149980.
When it comes to importing, the available data suggests that the following US states have imported products falling under HS Code 87149980:
- Florida
- Alabama
- Alaska
- Colorado
- Connecticut
- Georgia
- Illinois
- Kansas
- Oklahoma
- South Carolina
- Texas
- Virginia
- Washington
- Arkansas
- Delaware
- Hawaii
- Maine
- Montana
- Nevada
- Puerto Rico
- Utah
- Ohio
- Pennsylvania
- South Dakota
On the other hand, the exporting US states for products falling under HS Code 87149980 include:
- Florida
- Rhode Island
- Virgin Islands
- Alaska
- Maryland
- Connecticut
- District of Columbia
- Georgia
- New Jersey
- New York
- North Carolina
- Virginia
- Kansas
- Pennsylvania
- South Dakota
- Indiana
HS Code 87149980 represents parts and accessories for bicycles and other cycles. It is important for importers and exporters to understand the specific code and its associated regulations, duty rates, and special tariff preference programs. By adhering to these guidelines, businesses can engage in international trade smoothly and take advantage of preferential treatment if eligible.
More on HS code 87149980