HS Code 40114000: New Pneumatic Tires for Motorcycles
Pneumatic tires are an essential part of motorcycles, providing the necessary grip, cushioning, and stability for a smooth ride. The HS Code 40114000 refers to new pneumatic tires made of rubber specifically designed for use on motorcycles. In this article, we will explore the details of this HS code, including its product description, duty rates, special tariff preference programs, and the importing and exporting US states.
Product Description: HS Code 40114000 covers new pneumatic tires made of rubber that are specifically designed for use on motorcycles. These tires are crucial for ensuring the safe and efficient operation of motorcycles on various terrains.
Bound / MFN Duty Rate: The bound (or most-favored-nation) duty rate for HS Code 40114000 is free. This means that countries must eliminate any trade barriers or market restrictions for the importation of these tires on a non-discriminatory basis. It ensures that all trading partners receive the same treatment for the same goods or services.
Quantity Unit: The quantity unit for HS Code 40114000 is measured in numbers (NO) since the tires are counted individually.
Special Tariff Preference Programs: Several special tariff preference programs exist for the importation of new pneumatic tires for motorcycles under HS Code 40114000. These programs offer duty-free treatment to eligible countries. Here are some examples:
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Australia Special Rate: Australia benefits from duty-free treatment for this HS code.
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Bahrain Special Rate: Bahrain is eligible for duty-free treatment under this HS code.
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NAFTA for Canada: Canada enjoys duty-free treatment for these tires under the North American Free Trade Agreement (NAFTA).
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Chile Special Rate: Chile has a special rate for duty-free treatment of new pneumatic motorcycle tires.
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Caribbean Basin Initiative (CBI): Countries within the Caribbean Basin Initiative, such as the Dominican Republic, benefit from duty-free treatment.
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Israel Special Rate: Israel receives duty-free treatment for new motorcycle tires under this HS code.
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Andean Trade Preference Act (ATPA): Countries in the Andean region, like Peru and Colombia, enjoy duty-free treatment under this program.
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Jordan Special Rate: Jordan is eligible for duty-free treatment for these tires.
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Morocco Special Rate: Morocco benefits from a special rate of duty-free treatment.
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NAFTA for Mexico: Mexico receives duty-free treatment for new pneumatic tires under NAFTA.
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Oman Special Rate: Oman has a special rate for duty-free treatment of these tires.
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Dominican Republic-Central American Special Rate (DR-CAFTA): Countries in the DR-CAFTA region, including the Dominican Republic and Central American nations, enjoy duty-free treatment.
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Peru Special Rate: Peru has a special rate for duty-free treatment of new motorcycle tires.
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Singapore Special Rate: Singapore benefits from duty-free treatment under this HS code.
Importing US States: The following US states are known for importing new pneumatic tires for motorcycles under HS Code 40114000: Alabama, Georgia, Illinois, Ohio, Oregon, Pennsylvania, South Carolina, Vermont, and the Virgin Islands.
Exporting US States: South Carolina is a notable exporter of new pneumatic tires for motorcycles under this HS code.
HS Code 40114000 represents new pneumatic tires made of rubber for motorcycles. These tires are essential for ensuring a safe and comfortable ride. Understanding the product description, duty rates, special tariff preference programs, and the importing and exporting US states associated with this HS code is crucial for international trade and commerce involving motorcycle tires.
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