The HS Code 40061000 refers to "Camel-back" strips of unvulcanized rubber, specifically designed for retreading rubber tires. This code is used to classify and identify this particular type of product for international trade purposes. Understanding the HS code and its associated information is essential for importers, exporters, and customs officials to ensure the smooth flow of goods across borders.
The product described by the HS Code 40061000 is "Camel-back" strips of unvulcanized rubber, which are used in the process of retreading rubber tires. Retreading is a cost-effective and environmentally friendly way to extend the life of tires by replacing the worn-out tread with a new one. These rubber strips are an essential component in the retreading process, providing the necessary grip and durability to the tire.
The bound / MFN (Most Favored Nation) duty rate for HS Code 40061000 is 2.9%. 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. The duty rate is the percentage of the product's value that the importing country charges as a tax or duty. Importers need to be aware of this duty rate when calculating the total cost of importing "Camel-back" strips of unvulcanized rubber.
The quantity unit for HS Code 40061000 is kilograms (KG). This unit of measurement is used to determine the weight of the "Camel-back" strips of unvulcanized rubber being imported or exported. It is important to accurately measure the quantity of the product to ensure compliance with customs regulations and to calculate shipping costs.
There are several special tariff preference programs associated with HS Code 40061000. These programs provide certain countries with preferential treatment in terms of duty-free or reduced-duty access to the US market. The countries included in these programs for "Camel-back" strips of unvulcanized rubber are:
These special tariff preference programs aim to promote trade and economic development between the United States and the participating countries. Importers and exporters should familiarize themselves with the specific requirements and conditions of each program to take advantage of the benefits they offer.
For importers in the United States, the following states have reported importing "Camel-back" strips of unvulcanized rubber classified under HS Code 40061000:
These states have imported this product for various purposes, such as retreading rubber tires or other related industries. Importers in these states should be aware of the specific regulations and requirements related to importing "Camel-back" strips of unvulcanized rubber.
On the other hand, the following states in the United States have reported exporting "Camel-back" strips of unvulcanized rubber classified under HS Code 40061000:
These states are actively involved in exporting "Camel-back" strips of unvulcanized rubber to other countries. Exporters in these states should comply with the necessary documentation and regulations to ensure a smooth export process.
Understanding the HS Code 40061000 and its associated information is crucial for importers, exporters, and customs officials involved in the trade of "Camel-back" strips of unvulcanized rubber for retreading rubber tires. The product description, bound / MFN duty rate, quantity unit, special tariff preference programs, and the importing and exporting US states provide essential details for conducting international trade in a compliant and efficient manner. By adhering to the regulations and taking advantage of tariff preference programs, businesses can benefit from reduced costs and increased market access.