Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 40101255: Conveyor Belts/Belting of Vulcanized Rubber

Conveyor belts are an essential component in various industries, facilitating the smooth movement of goods and materials. HS Code 40101255 specifically refers to conveyor belts or belting made of vulcanized rubber, reinforced only with textile material, predominantly man-made fiber, and with a width not exceeding 20 cm.

When importing or exporting goods classified under this HS code, it is crucial to understand the relevant information to ensure compliance with trade regulations and take advantage of any applicable special tariff preference programs. Let's explore the details associated with HS Code 40101255:

Product Description

• Type: Conveyor belts/belting
• Material: Vulcanized rubber
• Reinforcement: Textile material (mostly man-made fiber)
• Width: Not over 20 cm

Conveyor belts made of vulcanized rubber provide excellent durability, flexibility, and resistance to various environmental conditions. The textile reinforcement enhances their strength and stability, ensuring reliable performance in demanding applications.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for goods classified under HS Code 40101255 is 6.4%. This rate applies whenever a country lowers a trade barrier or opens up a market, ensuring equal treatment for the same goods or services from all trading partners. It is important to consider this duty rate when calculating the cost of importing or exporting conveyor belts/belting.

Quantity Unit

The quantity unit for goods classified under HS Code 40101255 is kilograms (KG). This unit is commonly used to measure the weight of the conveyor belts/belting during import or export transactions. Accurate quantity measurement is essential for proper documentation and compliance with trade regulations.

Special Tariff Preference Programs

Several special tariff preference programs may apply to goods classified under HS Code 40101255. These programs offer either duty-free treatment or special rates, providing advantages to importers or exporters. Here are some notable programs:

• Generalized System of Preferences (GSP) (duty-free treatment): This program offers duty-free treatment for eligible goods imported from various countries.
• Australia Special Rate: Australia has a special rate for goods classified under this HS code, providing favorable conditions for trade.
• Bahrain Special Rate: Bahrain offers a special rate for eligible goods, promoting trade relations.
• NAFTA for Canada (duty-free treatment): Under the North American Free Trade Agreement (NAFTA), Canada enjoys duty-free treatment for goods classified under this HS code.
• Chile Special Rate: Chile provides a special rate for eligible goods, facilitating trade between countries.
• Caribbean Basin Initiative (CBI): This program offers duty-free treatment for eligible goods imported from designated Caribbean countries.
• Israel Special Rate (duty-free treatment): Israel provides duty-free treatment for goods classified under this HS code, promoting bilateral trade.
• Andean Trade Preference Act (ATPA): Under this program, eligible goods imported from Andean countries enjoy preferential treatment.
• Jordan Special Rate: Jordan offers a special rate for goods classified under this HS code, fostering trade relationships.
• Morocco Special Rate: Morocco provides a special rate for eligible goods, encouraging trade cooperation.
• NAFTA for Mexico: Similar to Canada, Mexico benefits from duty-free treatment under NAFTA for goods classified under this HS code.
• Oman Special Rate: Oman offers a special rate for eligible goods, promoting trade ties.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Under this program, eligible goods imported from the Dominican Republic and Central American countries enjoy preferential treatment.
• Peru Special Rate: Peru provides a special rate for goods classified under this HS code, facilitating trade exchanges.
• Singapore Special Rate: Singapore offers a special rate for eligible goods, fostering trade partnerships.

It is essential for importers and exporters to be aware of these special tariff preference programs and their eligibility criteria. By taking advantage of such programs, businesses can reduce costs and enhance their competitiveness in the global market.

Importing and Exporting US States

While HS Code 40101255 is relevant for global trade, it is helpful to understand the specific importing and exporting states within the United States. Here are the states associated with this HS code:

• Importing US State (Destination): New Hampshire
• Exporting US States (Origins): Arkansas, North Dakota

These states play a crucial role in the import and export of conveyor belts/belting made of vulcanized rubber. Businesses located in New Hampshire may import goods under this HS code, while suppliers in Arkansas and North Dakota contribute to the export of such products.

HS Code 40101255 encompasses conveyor belts/belting made of vulcanized rubber, reinforced with textile material, and with a width not exceeding 20 cm. Understanding the product description, bound / MFN duty rate, quantity unit, special tariff preference programs, and relevant importing/exporting states is essential for successful international trade transactions involving these goods. By staying informed and leveraging available advantages, businesses can navigate the complexities of global trade and optimize their operations.