The HS Code 40103160 refers to a specific type of product: transmission V-belt of vulcanized rubber. This V-belt is V-ribbed and has a circumference that exceeds 60 cm but does not exceed 180 cm. It is important to note that this product is specifically classified as "other than combined with textile material."
When it comes to trade and import/export regulations, the HS Code 40103160 is subject to certain duties and tariff rates. The bound or most-favored-nation (MFN) duty rate for this product is 2.8%. This means that 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.
The quantity unit for the HS Code 40103160 is kilograms (KG). This indicates that the product is measured and traded by weight.
There are also special tariff preference programs that apply to the transmission V-belt of vulcanized rubber classified under HS Code 40103160. These programs allow for preferential treatment in terms of duty rates for certain countries. The following countries have free or special rates for this product:
It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly affect the cost and competitiveness of the product in different markets.
When it comes to importing this product into the United States, the following states have been identified as importers:
On the other hand, the exporting states within the United States for the transmission V-belt of vulcanized rubber classified under HS Code 40103160 include:
Understanding the HS Code 40103160 and its associated data is crucial for businesses involved in international trade. By being aware of the product description, duty rates, tariff preference programs, and import/export locations, companies can make informed decisions and optimize their trading activities.