The HS Code 40103545 refers to an endless synchronous transmission belt made of vulcanized rubber. The belt has a circumference ranging from 60 to 150 cm and is combined with a textile material. The belt is predominantly made of man-made fibers and has a width not exceeding 20 cm.
This particular HS code is used to classify and identify this specific type of transmission belt for international trade purposes. It allows customs authorities and traders to easily categorize and track the import and export of these products.
The bound or most-favored-nation (MFN) duty rate for HS Code 40103545 is 6.4%. The MFN duty rate is the rate applied to imports from all trading partners, regardless of any special tariff preference programs. 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 quantity unit for HS Code 40103545 is kilograms (KG). This unit is used to measure the weight of the transmission belts being imported or exported.
There are several special tariff preference programs that offer duty-free treatment for HS Code 40103545. The countries eligible for these programs include:
These special tariff preference programs aim to promote trade and economic development between the countries involved by reducing or eliminating import duties on specific goods.
When importing HS Code 40103545 to the United States, it can be received by various states. Similarly, when exporting this product from the United States, it can be sent to different states within the country. The specific importing and exporting states will depend on the trade agreements, distribution channels, and market demand for this particular transmission belt.
HS Code 40103545 represents an endless synchronous transmission belt made of vulcanized rubber, combined with a textile material. It is predominantly made of man-made fibers and has a width not exceeding 20 cm. This HS code is used for classification, tracking, and regulation of the import and export of these belts. The bound duty rate for this code is 6.4%, and it is eligible for duty-free treatment under various special tariff preference programs for several countries. The quantity unit for this HS code is kilograms (KG), and the specific importing and exporting states will vary based on trade agreements and market demand.