HS Code 85121040 refers to electrical visual signaling equipment specifically designed for bicycles. This code is used to classify and regulate the import and export of such products worldwide. In this article, we will explore the details of this HS code and its relevance in international trade.
The product covered by HS Code 85121040 is electrical visual signaling equipment that is used on bicycles. This equipment is designed to enhance the visibility and safety of cyclists on the road. It may include items such as bicycle lights, reflectors, and other signaling devices.
The bound or most-favored-nation (MFN) duty rate for products classified under HS Code 85121040 is 2.7%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate to the same goods or services from all its trading partners. The duty rate is a percentage of the product's declared value and is imposed to generate revenue for the importing country.
The quantity unit for products classified under HS Code 85121040 is "no units collected (X)." This indicates that the unit of measurement for this specific product is not applicable or not recorded. It suggests that the quantity of the product is not the primary concern for customs purposes.
Products classified under HS Code 85121040 may be eligible for special tariff preference programs. These programs provide preferential treatment in terms of duty rates for specific countries. The following are the special tariff preference programs applicable to this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved. By providing duty-free treatment or reduced duty rates, they incentivize imports and exports, fostering international commerce.
Based on the available data, it appears that the state of Michigan is both the importing and exporting state for products classified under HS Code 85121040. This suggests that there is a demand for electrical visual signaling equipment for bicycles within Michigan's market.
HS Code 85121040 is used to classify electrical visual signaling equipment specifically designed for bicycles. This code allows for the regulation and tracking of imports and exports of these products worldwide. Understanding the HS code and its associated details is crucial for businesses and governments involved in international trade.