A bicycle speedometer is an essential device for any cyclist who wants to track their speed and distance covered during their rides. With the HS Code 90292020, this article will delve into the details of bicycle speedometers, including their functions, benefits, and relevant trade information.
Bicycle speedometers are electronic devices that attach to a bicycle's handlebars or frame to measure the speed and distance traveled. They typically consist of a display unit that shows various data such as current speed, average speed, maximum speed, distance covered, and even time elapsed. Some advanced models may also include additional features like heart rate monitoring, GPS navigation, and wireless connectivity.
These speedometers use sensors, usually magnet-based, to detect the rotation of the bicycle's wheel or crank. This information is then processed and displayed on the speedometer's screen, providing valuable real-time feedback to the cyclist.
Bicycle speedometers offer numerous benefits for both recreational and professional cyclists:
Under the HS Code 90292020, the import of bicycle speedometers is subject to a bound/MFN duty rate of 6%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
However, there are special tariff preference programs in place that provide duty-free treatment for bicycle speedometers imported from certain countries. These programs include:
If the bicycle speedometers are imported into the United States, one of the exporting states is Oregon. On the other hand, the exporting states for the United States are Idaho, Oregon, and Hawaii.
bicycle speedometers (HS Code 90292020) play a crucial role in cyclists' lives, offering valuable data and features to enhance their performance and safety. Understanding the trade information and tariff preferences related to these speedometers is essential for both manufacturers and importers to ensure smooth international trade.