The HS Code 40082940 refers to vulcanized, noncellular rubber products that are classified as "other than hard rubber, other than rods and profile shapes, nesoi." This code helps to identify and categorize rubber products for international trade, ensuring that they are properly classified and taxed.
When importing or exporting products under this HS code, it is essential to understand the specific details and regulations associated with it. This article aims to provide comprehensive information about HS Code 40082940, including its product description, duty rates, quantity unit, and special tariff preference programs.
Product Description:
The product description for HS Code 40082940 is "vulcanized, noncellular rubber, other than hard rubber, other than rods and profile shapes, nesoi." This means that the code covers a wide range of rubber products that have undergone the vulcanization process. It excludes hard rubber, rods, and profile shapes, focusing on other types of noncellular rubber.
Bound / MFN Duty Rate:
The bound / MFN (Most Favored Nation) duty rate for HS Code 40082940 is 2.9%. This 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 receive equal treatment in terms of duty rates.
Quantity Unit:
The quantity unit for HS Code 40082940 is kilograms (KG). This unit of measurement is used to determine the weight of the rubber products being imported or exported under this code. It provides a standardized method for calculating quantities and ensures consistency in trade transactions.
Special Tariff Preference Programs:
Several special tariff preference programs apply to HS Code 40082940. These programs offer preferential treatment in terms of duty rates for specific countries. The following countries enjoy duty-free treatment under various programs:
These programs aim to promote trade and economic cooperation between the countries involved. By providing duty-free treatment, they incentivize trade and encourage the import and export of rubber products classified under HS Code 40082940.
Importing and Exporting US States:
For imports into the United States under HS Code 40082940, the state of New Hampshire is listed as an importing state. This means that businesses or individuals based in New Hampshire import rubber products classified under this code.
Regarding exports from the United States, the state of Arkansas is mentioned as an exporting state. This indicates that businesses or individuals based in Arkansas export rubber products classified under HS Code 40082940 to other countries.
HS Code 40082940 is an essential classification for vulcanized, noncellular rubber products. It provides a standardized framework for international trade, ensuring proper classification, taxation, and regulation. By understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this code, businesses can navigate the global rubber market more effectively.