When it comes to the manufacturing of wheels for bicycles, certain machines play a crucial role in ensuring the quality and precision of the final product. These machines, classified under HS Code 98178401, encompass wheelbuilding, wheel-trueing, rimpunching, tire fitting, and similar equipment. In this article, we will delve into the details of this HS code, exploring its product description, duty rates, special tariff preference programs, and more.
The HS Code 98178401 covers machines specifically designed for use in the manufacture of bicycle wheels. These machines are responsible for various processes involved in wheel production, including:
These machines are essential for bicycle manufacturers, as they enable efficient and accurate wheel production, ultimately contributing to the overall quality and performance of bicycles.
Under the HS Code 98178401, the bound or most-favored-nation (MFN) duty rate is free. This means that countries must lower trade barriers or open up their markets for the same goods or services from all trading partners. The free duty rate encourages international trade and facilitates the import and export of these wheelbuilding machines without additional financial burdens.
The quantity unit for HS Code 98178401 is not available (NA). This indicates that the specific unit of measurement for these machines is not specified or standardized. However, it is important to note that the quantity of machines being imported or exported is a crucial factor in determining customs procedures and associated costs.
Several countries and trade agreements offer special tariff preference programs for machines classified under HS Code 98178401. These programs provide favorable duty rates or duty-free treatment for the import or export of these machines. The countries and programs applicable to this HS code include:
Additionally, Australia, Chile, and Singapore offer special rates in the absence of this subheading on the cost of such parts. These special tariff preference programs aim to promote trade partnerships and support the growth of the bicycle manufacturing industry.
HS Code 98178401 applies to both importing and exporting US states. This means that manufacturers in any US state can import these wheelbuilding machines, and manufacturers in any US state can also export them to other countries. The code ensures consistency and uniformity in trade regulations and opportunities across all US states.
HS Code 98178401 encompasses the essential machines used in the manufacture of bicycle wheels. These machines play a crucial role in ensuring the quality, precision, and efficiency of wheel production. With duty-free rates and special tariff preference programs available, the import and export of these machines are facilitated, promoting international trade and fostering the growth of the bicycle manufacturing industry.