Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 40069050: Rods, Tubes, Profile Shapes, Discs, Rings, and Similar Articles, of Synthetic Unvulcanized Rubber

When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) code plays a crucial role in this process. Each product is assigned a unique HS code, which is used worldwide to classify and categorize goods for customs purposes. In this article, we will explore HS Code 40069050, which covers rods, tubes, profile shapes, discs, rings, and similar articles made of synthetic unvulcanized rubber.

HS Code 40069050 specifically refers to articles made of synthetic unvulcanized rubber. Unvulcanized rubber is a type of rubber that has not undergone the process of vulcanization, which involves adding sulfur to improve its strength and elasticity. This code covers various forms of rubber products, including rods, tubes, profile shapes, discs, and rings.

The bound or Most Favored Nation (MFN) duty rate for products classified under HS Code 40069050 is 2.7%. The MFN duty rate is the tariff rate applied to imports from all trading partners. It ensures that every country treats the same goods or services from its trading partners equally when it comes to trade barriers and market access. Therefore, regardless of the country of origin, the duty rate remains the same.

The unit of measurement for products classified under HS Code 40069050 is kilograms (KG). This unit is used to quantify the weight of the goods being imported or exported.

There are several special tariff preference programs that provide exemptions or reduced duty rates for products classified under HS Code 40069050. These programs aim to promote trade and economic development between specific countries. Some of the special tariff preference programs applicable to products under this HS code include:

• Generalized System of Preferences (GSP): This program provides duty-free treatment for eligible products from various developing countries.
• Australia Special Rate: Australia has a special rate agreement for specific goods, including those covered by HS Code 40069050.
• Bahrain Special Rate: Bahrain offers a special rate for certain goods, allowing them to be imported at a reduced or zero duty rate.
• NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), Canada enjoys duty-free treatment for goods covered by HS Code 40069050.
• Chile Special Rate: Chile has a special rate agreement for selected goods, including those classified under HS Code 40069050.
• Caribbean Basin Initiative (CBI): This program provides duty-free treatment for eligible products from specific Caribbean countries.
• Israel Special Rate: Israel offers duty-free treatment for goods covered by HS Code 40069050.
• Andean Trade Preference Act (ATPA): This program grants duty preferences to eligible products from certain Andean countries.
• Jordan Special Rate: Jordan has a special rate agreement for certain goods, including those falling under HS Code 40069050.
• Morocco Special Rate: Morocco provides a special rate for specific goods, allowing them to be imported at a reduced or zero duty rate.
• NAFTA for Mexico: Similar to Canada, Mexico enjoys duty-free treatment under NAFTA for goods classified under HS Code 40069050.
• Oman Special Rate: Oman offers a special rate for certain goods, allowing them to be imported at a reduced or zero duty rate.
• Dominican Republic-Central American Special Rate (DR-CAFTA): This program provides duty preferences to eligible products from the Dominican Republic and Central American countries.
• Peru Special Rate: Peru has a special rate agreement for selected goods, including those covered by HS Code 40069050.
• Singapore Special Rate: Singapore provides duty-free treatment for goods classified under HS Code 40069050.

When importing goods classified under HS Code 40069050 into the United States, it is crucial to consider the specific requirements and regulations of both the exporting and importing states. Different states within the US may have additional rules and procedures for the importation of goods, which should be carefully adhered to ensure smooth customs clearance.

HS Code 40069050 plays a vital role in international trade, facilitating the classification and regulation of rods, tubes, profile shapes, discs, rings, and similar articles made of synthetic unvulcanized rubber. Understanding the HS code and its associated duty rates and special tariff preference programs is essential for businesses engaged in the import and export of these goods.