Ecuador 25% Import Duties on Bicycle Parts/Components

[2014-05-23 17:23:25]


Recently Ecuador's foreign-trade authority COMEX announced a resolution that is to (1) repeal treatment of 0% duty for the products under HS Code 8712.00.00 (bikes and non-motorized bicycles) at import price of US$400 and less per unit and to (2) levy 25% ad valorem duties on the import products (bicycle saddle) under HS Code 8714.95.00 and bicycle frame, front fork, handle, and saddle support.
Source: ETCN
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