The HS Code 87168050 refers to vehicles that are not mechanically propelled, nesoi (not elsewhere specified or included). This code is used to classify and identify specific types of vehicles for international trade purposes. Understanding the HS code is crucial for importers and exporters, as it helps determine the applicable duties, regulations, and special tariff preference programs for a particular product.
Product Description: Vehicles, not mechanically propelled, nesoi
The product description for HS Code 87168050 refers to vehicles that are not powered by an engine or motor. These vehicles may include bicycles, tricycles, pedal-powered carts, and similar non-mechanically propelled forms of transportation. It is important to note that this code covers vehicles that are not specifically classified elsewhere.
Bound / MFN Duty Rate: 3.2%
The bound / MFN (Most Favored Nation) duty rate for HS Code 87168050 is 3.2%. This means 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. Importers will need to consider this duty rate when calculating the cost of importing vehicles under this HS code.
Quantity Unit: Number (NO)
The quantity unit for HS Code 87168050 is "number" (NO). This unit indicates that the vehicles classified under this code are counted individually rather than by weight or volume. Importers and exporters will need to provide the exact number of vehicles being traded to comply with customs regulations.
Special Tariff Preference Programs:
Importing US States:
Exporting US States:
HS Code 87168050 represents vehicles that are not mechanically propelled, nesoi. Importers and exporters must understand this code and its implications for duty rates, quantity units, and special tariff preference programs. By accurately classifying and providing the necessary information, businesses can ensure smooth international trade operations and compliance with customs regulations.