The HS Code 40082920 refers to rods and profile shapes made of vulcanized, noncellular rubber, excluding hard rubber. This article will provide extensive information about this specific HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states associated with it.
The product description of HS Code 40082920 is rods and profile shapes made of vulcanized, noncellular rubber, other than hard rubber. This means that the goods defined by this code are rubber rods and profile shapes that have undergone vulcanization, which is the process of treating rubber to improve its strength, flexibility, and durability. It is important to note that this HS code excludes products made of hard rubber.
The bound or most-favored-nation (MFN) duty rate for HS Code 40082920 is 2.9%. The MFN principle states that when a country reduces trade barriers or opens up its market, it must do so equally for the same goods or services from all its trading partners. Therefore, any country importing or exporting products falling under this HS code will have to apply the 2.9% duty rate.
The quantity unit for HS Code 40082920 is kilograms (KG). This means that the weight of the rubber rods and profile shapes being imported or exported should be measured in kilograms.
Several special tariff preference programs offer duty-free treatment for products classified under HS Code 40082920. These programs provide benefits to specific countries or regions, promoting trade and economic cooperation. The following programs grant special rates or duty-free treatment for importing and exporting goods associated with this HS code:
These special tariff preference programs aim to facilitate trade between the countries or regions involved, allowing for the smooth flow of goods and promoting economic growth.
When it comes to importing, the US state associated with HS Code 40082920 is New Hampshire. This means that goods falling under this HS code can be legally imported into the United States through the state of New Hampshire.
On the other hand, there is no specific US state mentioned for exporting goods classified under HS Code 40082920. This indicates that the exporting can be done from any US state, as long as the goods comply with the relevant regulations and requirements.
HS Code 40082920 covers rods and profile shapes made of vulcanized, noncellular rubber, excluding hard rubber. This article provided an extensive overview of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the associated importing and exporting US states. Understanding the details of HS codes is essential for international trade and ensuring compliance with customs regulations.