The HS Code 40111010 refers to new pneumatic radial tires made of rubber that are specifically designed for use on motor cars, including station wagons and racing cars. These tires are essential components of vehicles and play a vital role in ensuring safety and performance on the road.
Pneumatic radial tires are made of rubber and are designed to provide excellent traction, stability, and durability on various road surfaces. They are specifically manufactured for motor cars, including station wagons and racing cars. These tires are designed with radial construction, which means that the tire plies are arranged radially from the center of the tire. This construction ensures better grip, improved handling, and enhanced fuel efficiency.
The bound / MFN (Most Favored Nation) duty rate for HS Code 40111010 is set at 4%. This means that every time a country lowers a trade barrier or opens up a market, it has to apply the same 4% duty rate for the import of these pneumatic radial tires from all its trading partners. This rate ensures fair trade practices and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 40111010 is "number" (NO). This unit represents the number of pneumatic radial tires being imported or exported.
Under certain special tariff preference programs, the import of pneumatic radial tires under HS Code 40111010 may be eligible for duty-free treatment. The specific programs and countries eligible for these preferences are as follows:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing favorable treatment for imports from specific regions or under certain trade agreements.
The following US states are known for importing pneumatic radial tires under HS Code 40111010:
These states have a significant demand for motor cars and require a steady supply of high-quality tires to meet the needs of their automotive industries and consumers.
The primary US state known for exporting pneumatic radial tires under HS Code 40111010 is South Carolina. This state has a robust tire manufacturing industry and exports its products to various domestic and international markets. The high-quality tires produced in South Carolina contribute to the global automotive industry and support economic growth and job creation in the state.
the HS Code 40111010 represents new pneumatic radial tires designed for motor cars. These tires are crucial for vehicle safety and performance. Importers and exporters need to consider the bound / MFN duty rate, special tariff preference programs, and the importing/exporting states when dealing with this HS Code. Understanding these details is essential for conducting international trade and ensuring compliance with applicable regulations and policies.