Synthetic rubber and factice derived from oils are essential materials used in various industries. These products are classified under HS Code 40029900, which covers synthetic rubber and factice in primary forms or in plates, sheets, or strips, not elsewhere specified or included.
The HS Code 40029900 is used to identify and categorize these products for international trade. HS codes are standardized codes used globally to classify and define traded goods. They ensure uniformity and consistency in international trade statistics, customs procedures, and tariff rates.
When importing or exporting synthetic rubber and factice derived from oils, it is important to be familiar with the HS Code 40029900 and its associated regulations. This article provides an overview of the HS code, its product description, duty rates, special tariff preference programs, and the importing and exporting US states for these products.
The product description for HS Code 40029900 is "Synthetic rubber and factice derived from oils, in primary forms or in plates, sheets, or strip, nesoi." This description encompasses various forms of synthetic rubber and factice derived from oils, including those in primary forms or in plates, sheets, or strips.
Synthetic rubber is a type of rubber produced artificially through chemical processes. It possesses properties similar to natural rubber and is used in the production of tires, automotive parts, industrial products, and consumer goods. Factice derived from oils is a rubber substitute made from the polymerization of vegetable oils or mineral oils. It is used as an additive in rubber products to improve their properties.
The bound or most favored nation (MFN) duty rate for HS Code 40029900 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. The free duty rate encourages international trade and facilitates the movement of synthetic rubber and factice derived from oils across borders.
The quantity unit for HS Code 40029900 is kilograms (KG). This unit of measurement is used to determine the weight of synthetic rubber and factice derived from oils being imported or exported.
Several special tariff preference programs offer duty-free treatment for synthetic rubber and factice derived from oils under HS Code 40029900. These programs aim to promote trade and economic cooperation between countries. The following programs provide special tariff rates for these products:
These special tariff preference programs can significantly reduce or eliminate the import duties on synthetic rubber and factice derived from oils, making them more affordable and accessible in the international market.
HS Code 40029900 is imported into various states within the United States. The following US states import synthetic rubber and factice derived from oils:
These states play a crucial role in the importation and distribution of synthetic rubber and factice derived from oils within the United States. They serve as major hubs for the manufacturing and industrial sectors that rely on these products.
HS Code 40029900 is exported from the United States by the following states:
These states are actively involved in the exportation of synthetic rubber and factice derived from oils, contributing to the global supply chain and meeting the demand for these products in international markets.
HS Code 40029900 encompasses synthetic rubber and factice derived from oils, which are vital materials used in various industries. Understanding the HS code, its product description, duty rates, special tariff preference programs, and the importing and exporting US states is essential for businesses and individuals involved in the trade of these products.