In this article, we will explore the HS code 40169500, which refers to inflatable articles made of noncellular vulcanized rubber other than hard rubber. The HS code is an internationally recognized system for classifying and categorizing traded products. It helps in simplifying international trade and ensuring uniformity in tariff rates and trade regulations.
The product description for HS code 40169500 specifically mentions inflatable articles made of noncellular vulcanized rubber. This includes various inflatable items such as toys, air mattresses, inflatable boats, and other similar products. It is important to note that this HS code excludes inflatable articles made of hard rubber, which fall under a different HS code category.
When it comes to the duty rates for products classified under HS code 40169500, the bound or Most Favored Nation (MFN) duty rate is 4.2%. The MFN duty rate applies whenever a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners are treated equally in terms of tariffs.
However, there are special tariff preference programs in place for products classified under HS code 40169500. These programs offer preferential or duty-free treatment for imports from specific countries. For example, countries such as Australia, Bahrain, Canada (under NAFTA), Chile, and Israel have special rates or duty-free treatment for products falling under this HS code.
In addition to these countries, other special tariff preference programs include the Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), Jordan, Morocco, Mexico (under NAFTA), Oman, Dominican Republic-Central American (DR-CAFTA), Peru, and Singapore. These programs aim to promote trade and economic cooperation between the participating countries by providing favorable tariff rates for specific products.
When it comes to importing products classified under HS code 40169500 to the United States, we have collected data on the states involved in these imports. As per the available data, the states of Nevada and Iowa have imported these inflatable articles. However, the data does not specify the quantity units collected (X), so we cannot provide exact figures on the quantity imported.
HS code 40169500 pertains to inflatable articles made of noncellular vulcanized rubber other than hard rubber. It is important for importers and exporters to be aware of the specific HS code for their products to ensure proper classification and adherence to tariff rates and trade regulations. The existence of special tariff preference programs further provides opportunities for duty-free or preferential treatment for imports from specific countries.