The HS Code 40119985 refers to a specific product in international trade - new pneumatic tires made of rubber that are not elsewhere specified. This code is used to classify and identify these tires for customs and trade purposes. It is important for importers, exporters, and government agencies to understand the details and implications of this HS code.
Product Description: New pneumatic tire, of rubber, nesoi
The product description provides a brief overview of the item covered by the HS code. In this case, it refers to new pneumatic tires made of rubber that are not elsewhere specified (nesoi). This description helps to differentiate these tires from other similar products and ensures accurate classification for trade and customs purposes.
Bound / MFN Duty Rate: 3.4%
The bound or most-favored-nation (MFN) duty rate associated with HS Code 40119985 is 3.4%. This duty rate is applied every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment when it comes to tariffs.
Quantity Unit: Number (NO)
The quantity unit for HS Code 40119985 is "number" (NO), indicating that the measurement for these tires is based on the total count of individual units. This unit helps to determine the quantity and value of the tires being imported or exported.
Special Tariff Preference Programs:
These special tariff preference programs provide different rates and benefits for importing or exporting HS Code 40119985 tires. The Generalized System of Preferences (GSP) offers duty-free treatment, while specific countries such as Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic (under DR-CAFTA), Peru, and Singapore have their own special rates or preferential treatment.
Importing US States:
These US states are known for importing HS Code 40119985 tires. Importers in Alabama, Georgia, Illinois, Ohio, Oregon, Pennsylvania, South Carolina, Vermont, and the Virgin Islands rely on these tires for various purposes. The repeated listing of some states indicates a higher demand or import activity in those regions.
Exporting US States:
South Carolina is a significant exporter of HS Code 40119985 tires. This state has a strong manufacturing base and exports these tires to meet the demand in various international markets.
Conclusion:
HS Code 40119985 represents new pneumatic tires made of rubber that are not elsewhere specified. Importers and exporters of these tires need to understand the relevant details, such as the duty rate, special tariff preference programs, and the states involved in import and export. By complying with customs regulations and taking advantage of applicable preferential programs, businesses can optimize their trade activities and benefit from the international market for rubber tires.