Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 40103650: Endless Synchronous Transmission Belts of Vulcanized Rubber

Endless synchronous transmission belts of vulcanized rubber falling under HS Code 40103650 are a specific type of belts that are used in various industrial applications. These belts have a circumference ranging from 150 to 198 cm and are combined with textile materials not elsewhere specified.

When it comes to international trade, the HS Code plays a crucial role in identifying and categorizing goods for customs purposes. HS Code 40103650 is specifically assigned to these endless synchronous transmission belts of vulcanized rubber, making it easier for countries to track and regulate their import and export activities related to this product.

The Bound / MFN (Most Favored Nation) duty rate for HS Code 40103650 is 1.9%. This means that whenever 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. This duty rate ensures fair and equal treatment for all countries involved in international trade.

The quantity unit for HS Code 40103650 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported endless synchronous transmission belts. It helps in calculating the shipping and handling costs, as well as determining the quantity of goods being traded.

Furthermore, HS Code 40103650 is eligible for various special tariff preference programs. These programs provide certain countries with preferential treatment and reduced or duty-free rates for importing this product. Some of the special tariff preference programs applicable to HS Code 40103650 include:

• Free (A+, AU, BH, CA, CL, D, E, IL, J, JO, MA, MX, OM, P, PE, SG): Only imports from least-developed beneficiary developing countries eligible for GSP under that subheading receive duty-free treatment.
• Australia Special Rate: Australia offers a special rate for importing HS Code 40103650, which may vary from the standard duty rate.
• Bahrain Special Rate: Bahrain provides a special rate for importing HS Code 40103650, which differs from the regular duty rate.
• NAFTA for Canada: Canada enjoys duty-free treatment for importing HS Code 40103650 under the North American Free Trade Agreement (NAFTA).
• Chile Special Rate: Chile offers a special rate for importing HS Code 40103650, providing favorable conditions for trade.
• Africa Growth and Opportunity Act (AGOA): HS Code 40103650 is eligible for duty-free treatment under AGOA, which promotes economic development in African countries.
• Caribbean Basin Initiative (CBI): The CBI grants duty-free treatment for HS Code 40103650, benefiting countries in the Caribbean region.
• Israel Special Rate: Israel provides a special rate for importing HS Code 40103650, which differs from the regular duty rate.
• Andean Trade Preference Act (ATPA): HS Code 40103650 is eligible for duty-free treatment under ATPA, promoting trade with Andean countries.
• Jordan Special Rate: Jordan offers a special rate for importing HS Code 40103650, providing favorable conditions for trade.
• Morocco Special Rate: Morocco provides a special rate for importing HS Code 40103650, which may differ from the standard duty rate.
• NAFTA for Mexico: Mexico enjoys duty-free treatment for importing HS Code 40103650 under NAFTA.
• Oman Special Rate: Oman offers a special rate for importing HS Code 40103650, providing favorable conditions for trade.
• Dominican Republic-Central American Special Rate (DR-CAFTA): HS Code 40103650 is eligible for duty-free treatment under DR-CAFTA, benefiting countries in the Dominican Republic and Central America.
• Peru Special Rate: Peru offers a special rate for importing HS Code 40103650, which may vary from the regular duty rate.
• Singapore Special Rate: Singapore provides a special rate for importing HS Code 40103650, which differs from the standard duty rate.

When it comes to importing HS Code 40103650, various US states engage in trade activities. These states serve as the destination for the imported belts. Similarly, exporting US states are involved in the production and export of HS Code 40103650. These states play a crucial role in meeting the demand for these belts in international markets.

HS Code 40103650 represents endless synchronous transmission belts of vulcanized rubber combined with textile materials. This HS Code is essential for identifying and regulating the import and export of these belts, ensuring fair trade practices among countries. The Bound / MFN duty rate, quantity unit, and special tariff preference programs further influence the trade dynamics of HS Code 40103650, offering various benefits and opportunities for importing and exporting countries.