Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 40103430: Transmission V-belts of vulcanized rubber

Transmission V-belts of vulcanized rubber are an important component in various industries that rely on machinery and power transmission systems. The HS Code 40103430 specifically refers to V-belts that are not V-ribbed, with a circumference exceeding 180 cm but not exceeding 240 cm. These belts are combined with textile materials to enhance their strength and durability.

When it comes to international trade, the HS Code plays a crucial role in identifying and categorizing products. It helps in harmonizing trade statistics, customs procedures, and tariff rates across different countries. The HS Code 40103430 ensures that all countries treat these specific V-belts in a similar manner when it comes to trade barriers and market access.

Bound / MFN duty rate

The bound / MFN (Most Favored Nation) duty rate for HS Code 40103430 is 3.4%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The duty rate ensures fair and equal treatment for countries involved in international trade.

Quantity unit

The quantity unit for HS Code 40103430 is kilograms (KG). This unit of measurement is commonly used to quantify the weight of the V-belts during import or export processes. It helps in accurately calculating the quantity and value of the products being traded.

Special tariff preference programs

HS Code 40103430 is eligible for various special tariff preference programs, which offer favorable treatment in terms of duty rates. Some of these programs include:

• Free Trade Agreement (FTA): Only imports from least-developed beneficiary developing countries eligible for GSP under that subheading receive duty-free treatment.
• Australia Special Rate: Automotive Products Trade Act (APTA) provides duty-free treatment for imports from Australia.
• Bahrain Special Rate: Imports from Bahrain receive duty-free treatment.
• NAFTA for Canada: Imports from Canada receive duty-free treatment under the North American Free Trade Agreement (NAFTA).
• Chile Special Rate: Imports from Chile receive duty-free treatment.
• Africa Growth and Opportunity Act (AGOA): Imports from eligible African countries receive duty-free treatment.
• Caribbean Basin Initiative (CBI): Imports from eligible Caribbean countries receive duty-free treatment.
• Israel Special Rate: Imports from Israel receive duty-free treatment.
• Andean Trade Preference Act (ATPA): Imports from eligible Andean countries receive duty-free treatment.
• Jordan Special Rate: Imports from Jordan receive duty-free treatment.
• Morocco Special Rate: Imports from Morocco receive duty-free treatment.
• NAFTA for Mexico: Imports from Mexico receive duty-free treatment under NAFTA.
• Oman Special Rate: Imports from Oman receive duty-free treatment.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from eligible countries in the DR-CAFTA receive duty-free treatment.
• Peru Special Rate: Imports from Peru receive duty-free treatment.
• Singapore Special Rate: Imports from Singapore receive duty-free treatment.

Importing and Exporting US states

When it comes to the United States, the following states are involved in importing or exporting HS Code 40103430:

• Importing US state: New Hampshire
• Exporting US states:
• Arkansas
• North Dakota
• North Dakota
• North Dakota
• North Dakota

The involvement of these states in importing and exporting V-belts highlights their significance in various industries and their contribution to the overall trade of HS Code 40103430.