Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 40103990: Transmission Belts or Belting of Vulcanized Rubber, nesoi, other than combined with textile materials

Transmission belts or belting of vulcanized rubber are essential components in various industries. They are used for power transmission, conveying materials, and maintaining the smooth operation of machinery. HS Code 40103990 specifically refers to transmission belts or belting made of vulcanized rubber that do not contain any textile materials.

When importing or exporting goods classified under HS Code 40103990, it is important to understand the relevant trade regulations and tariff rates. The bound / MFN (Most Favored Nation) duty rate for this HS code is 3.3%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate for the same goods or services from all its trading partners.

The quantity unit for this HS code is kilograms (KG). This provides a standardized measurement for the weight of the transmission belts or belting being imported or exported.

There are also special tariff preference programs available for goods classified under HS Code 40103990. These programs offer preferential treatment or duty-free access to certain countries. Some of the special tariff preference programs applicable to this HS code include:

• Generalized System of Preferences (GSP): Provides duty-free treatment for eligible countries, promoting economic growth and development.
• Australia Special Rate: Offers a special rate for imports and exports between Australia and the country of origin.
• Bahrain Special Rate: Provides a special rate for imports and exports between Bahrain and the country of origin.
• NAFTA for Canada: Grants duty-free treatment for imports and exports between Canada and the country of origin under the North American Free Trade Agreement.
• Chile Special Rate: Offers a special rate for imports and exports between Chile and the country of origin.
• Caribbean Basin Initiative (CBI): Provides duty-free treatment for eligible countries in the Caribbean region.
• Israel Special Rate: Grants duty-free treatment for imports and exports between Israel and the country of origin.
• Andean Trade Preference Act (ATPA): Offers preferential treatment for eligible countries in the Andean region.
• Jordan Special Rate: Provides a special rate for imports and exports between Jordan and the country of origin.
• Morocco Special Rate: Offers a special rate for imports and exports between Morocco and the country of origin.
• NAFTA for Mexico: Grants duty-free treatment for imports and exports between Mexico and the country of origin under the North American Free Trade Agreement.
• Oman Special Rate: Provides a special rate for imports and exports between Oman and the country of origin.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Offers preferential treatment for eligible countries in the Dominican Republic and Central American region.
• Peru Special Rate: Provides a special rate for imports and exports between Peru and the country of origin.
• Singapore Special Rate: Offers a special rate for imports and exports between Singapore and the country of origin.

When importing goods classified under HS Code 40103990 to the United States, it is important to consider the specific regulations and requirements of the importing and exporting states. Each state may have additional regulations or restrictions that need to be followed for smooth customs clearance and compliance.

HS Code 40103990 relates to transmission belts or belting made of vulcanized rubber, excluding those combined with textile materials. This HS code is subject to a 3.3% bound / MFN duty rate and is measured in kilograms (KG). Various special tariff preference programs provide opportunities for duty-free treatment or special rates when importing or exporting goods under this HS code. Understanding the regulations and requirements of both the importing and exporting countries is crucial for successful trade operations.