Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 40012900: Natural Rubber in Primary Forms

HS Code 40012900 refers to natural rubber in primary forms other than latex, smoked sheets, or technically specified natural rubber (TSNR). This code is used to classify and identify this specific type of natural rubber for international trade purposes. Understanding HS codes is essential for importers, exporters, and customs officials to ensure accurate and efficient trade transactions.

Product Description

The product description for HS Code 40012900 is natural rubber in primary forms. This includes natural rubber that is not in the form of latex, smoked sheets, or technically specified natural rubber (TSNR). Natural rubber is a versatile material commonly used in various industries, including automotive, construction, and healthcare.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for HS Code 40012900 is free. This means that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This duty rate promotes fair and equal treatment for all trading partners.

Quantity Unit

The quantity unit for HS Code 40012900 is kilograms (KG). This unit of measurement is used to determine the weight of the natural rubber being traded. It is important for accurate measurement and pricing calculations.

Special Tariff Preference Programs

HS Code 40012900 is eligible for various special tariff preference programs. These programs provide duty-free treatment or preferential rates for importing countries. The following programs offer benefits for natural rubber in primary forms:

• Generalized System of Preferences (GSP) - Provides duty-free treatment
• Australia Special Rate - Duty-free treatment under the Automotive Products Trade Act (APTA)
• Bahrain Special Rate - Duty-free treatment
• Agreement on Trade in Civil Aircraft - Duty-free treatment
• NAFTA for Canada - Duty-free treatment
• Chile Special Rate - Duty-free treatment
• Caribbean Basin Initiative (CBI) - Duty-free treatment
• Israel Special Rate - Duty-free treatment
• Andean Trade Preference Act (ATPA) - Duty-free treatment
• Jordan Special Rate - Duty-free treatment
• Morocco Special Rate - Duty-free treatment
• NAFTA for Mexico - Duty-free treatment
• Oman Special Rate - Duty-free treatment
• Dominican Republic-Central American Special Rate (DR-CAFTA) - Duty-free treatment
• Peru Special Rate - Duty-free treatment
• Singapore Special Rate - Duty-free treatment

These special tariff preference programs aim to promote trade and economic cooperation between countries, providing benefits to both importers and exporters.

Importing US States

HS Code 40012900 is imported by the following US states:

• Arkansas
• Colorado
• Minnesota
• Missouri
• Nebraska
• New Mexico
• North Carolina
• Ohio
• Pennsylvania
• Wisconsin

These states engage in the importation of natural rubber in primary forms, contributing to the domestic demand for this material.

Exporting US States

HS Code 40012900 is exported by the following US states:

• Arizona
• Colorado
• Delaware
• Maryland
• Michigan
• Minnesota
• New Hampshire
• New Mexico
• Pennsylvania
• Vermont
• Wisconsin

These states are involved in the exportation of natural rubber in primary forms, contributing to the global supply of this material.

HS Code 40012900 represents natural rubber in primary forms other than latex, smoked sheets, or technically specified natural rubber (TSNR). This code is associated with various special tariff preference programs and is imported and exported by several US states. Understanding the details of HS codes is crucial for international trade and ensuring accurate classification and documentation of goods.