Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 40101980: Conveyor Belts/Belting of Vulcanized Rubber, Nesoi, Combined with Textile Materials Nesoi

Conveyor belts have become an integral part of numerous industries, facilitating the movement of goods and materials efficiently and effectively. The HS Code 40101980 represents a specific type of conveyor belt made of vulcanized rubber and combined with textile materials not elsewhere specified.

The HS Code serves as a unique identifier for trade classification purposes. It helps customs authorities and traders determine the appropriate tariffs, regulations, and restrictions applicable to the imported or exported goods. In the case of HS Code 40101980, it signifies the precise nature of the conveyor belts and their specific composition.

Bound/MFN Duty Rate:

• 1.9%

Every time 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. This principle, known as the Most Favored Nation (MFN) status, ensures fair and equal treatment in international trade.

Quantity Unit:

• Kilograms (KG)

Conveyor belts are usually measured and traded in kilograms. This unit of measurement enables accurate assessment of the weight and quantity of the imported or exported belts.

Special Tariff Preference Programs:

• Free (A+,AU,BH,CA,CL,D,E,IL,J,JO,MA,MX,OM,P,PE,SG)

Under various special tariff preference programs, imports of conveyor belts with HS Code 40101980 may enjoy preferential treatment or duty-free status. These programs include:

• Generalized System of Preferences (GSP): Only imports from least-developed beneficiary developing countries eligible for GSP under that subheading qualify for duty-free treatment.
• Australia Special Rate: Conveyor belts imported from Australia may have specific preferential rates.
• Bahrain Special Rate: Conveyor belts imported from Bahrain may have specific preferential rates.
• NAFTA for Canada: Conveyor belts imported from Canada under the North American Free Trade Agreement (NAFTA) qualify for duty-free treatment.
• Chile Special Rate: Conveyor belts imported from Chile may have specific preferential rates.
• Africa Growth and Opportunity Act (AGOA): Conveyor belts imported from eligible African countries under AGOA qualify for duty-free treatment.
• Caribbean Basin Initiative (CBI): Conveyor belts imported from eligible countries in the Caribbean Basin Initiative qualify for duty-free treatment.
• Israel Special Rate: Conveyor belts imported from Israel may have specific preferential rates.
• Andean Trade Preference Act (ATPA): Conveyor belts imported from eligible Andean countries under ATPA qualify for duty-free treatment.
• Jordan Special Rate: Conveyor belts imported from Jordan may have specific preferential rates.
• Morocco Special Rate: Conveyor belts imported from Morocco may have specific preferential rates.
• NAFTA for Mexico: Conveyor belts imported from Mexico under NAFTA qualify for duty-free treatment.
• Oman Special Rate: Conveyor belts imported from Oman may have specific preferential rates.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Conveyor belts imported from eligible DR-CAFTA countries qualify for duty-free treatment.
• Peru Special Rate: Conveyor belts imported from Peru may have specific preferential rates.
• Singapore Special Rate: Conveyor belts imported from Singapore may have specific preferential rates.

Importing US States:

• New Hampshire

While there may be no specific information available regarding the exporting US states for conveyor belts with HS Code 40101980, it is essential to note that the importation of these belts is not limited to any particular state. Various states across the United States may engage in importing conveyor belts to support their industries and operations.

the HS Code 40101980 represents conveyor belts made of vulcanized rubber combined with textile materials not elsewhere specified. This code is used to classify and regulate the importation and exportation of these belts. Importers and exporters should be aware of the applicable duty rates, quantity units, and special tariff preference programs to optimize their trade activities involving conveyor belts.