Find HS Code and trade information for BICYCLE TORQUE

Okay, let's break down the classification and tax implications for your declared goods, "BICYCLE TORQUE," based on the provided HS codes.

Analysis of Declared Goods: BICYCLE TORQUE

You've provided two HS codes, suggesting your "BICYCLE TORQUE" item might encompass components falling into different categories. Here's a detailed look at each:

1. Electrical Lighting Equipment for Cycles (HS Code: 8512.90.40.00)

• HS Code Breakdown:

  • 85: Electrical machinery and equipment and parts thereof; Sound recording or reproducing apparatus, television-image multiplier tubes, klystrons, magnetrons and like tubes. This chapter broadly covers electrical components.
  • 12: Electrical lighting or signaling equipment. This narrows it down to lighting and signaling devices.
  • 90: Parts of electrical lighting or signaling equipment. Specifically, this covers components for these devices.
  • 40.00: Of a kind used on bicycles. This further specifies the parts are designed for bicycles.

• Description Match: This HS code is appropriate for electrical lights, reflectors, or signaling devices (like bike lights or turn signals) and their parts intended for use on bicycles.

• Tax Implications:

  • Basic Duty: 0.0%
  • Additional Tariff: 25.0% (Currently) / 30.0% (After April 2, 2025)
  • Total Tax: 55.0% (Currently)

2. Drawing/Measuring Instruments (HS Code: 9017.80.00.00)

• HS Code Breakdown:

  • 90: Optical, precision, medical, surgical, dental, veterinary instruments and appliances; parts and accessories thereof. This chapter covers a wide range of precision instruments.
  • 17: Drawing, marking-out or mathematical calculating instruments; measuring instruments. This narrows it down to tools for measurement and calculation.
  • 80.00: Other instruments. This covers instruments not specifically classified elsewhere within the 9017 heading.

• Description Match: This HS code is appropriate for tools used for measuring or calculating related to bicycles, such as torque wrenches, digital angle meters, or specialized bicycle measuring tools.

• Tax Implications:

  • Basic Duty: 5.3%
  • Additional Tariff: 25.0% (Currently) / 30.0% (After April 2, 2025)
  • Total Tax: 60.3% (Currently)

Important Considerations & Recommendations:

1. Precise Component Breakdown: It's crucial to clearly define exactly what constitutes "BICYCLE TORQUE." Is it a single integrated unit, or a collection of separate parts? The HS code selection depends on the specific function of each component.

2. Material Verification: The material composition of the goods can influence tariff rates. Ensure you have accurate material declarations.

3. Unit Price Accuracy: The declared unit price is critical for customs valuation. Any discrepancies can lead to delays or penalties.

4. Certification Requirements: Depending on the nature of the electrical components (HS Code 8512.90.40.00), you may need to provide certifications such as CE, RoHS, or other relevant safety standards compliance documentation. Please verify the specific requirements for bicycle electrical components importing into your destination country.

5. Tariff Changes: Be aware of the upcoming tariff changes on April 2, 2025. The additional tariff will increase from 25.0% to 30.0% for both HS codes.

6. Country of Origin: Confirm the country of origin for each component. This is essential for determining applicable trade agreements and potential duty reductions.

Disclaimer: This information is for general guidance only and does not constitute professional customs advice. It is your responsibility to ensure accurate classification and compliance with all applicable regulations. Consult with a licensed customs broker or relevant authorities for specific guidance.