Pneumatic tires play a vital role in the construction and industrial sectors, providing vehicles with the necessary traction and stability to navigate various terrains. The HS Code 40116200 specifically refers to new pneumatic tires made of rubber, featuring a "herring-bone" or similar tread pattern. These tires are designed to enhance the performance and safety of construction and industrial handling vehicles with a rim size not exceeding 61 cm.
When it comes to international trade, understanding the HS Code and its associated regulations is crucial. The HS Code 40116200 serves as a standardized product classification system that facilitates the smooth flow of goods across borders. This code enables customs authorities and traders to identify and classify products accurately, ensuring compliance with trade regulations.
Bound / MFN Duty Rate: Free
The MFN (Most Favored Nation) duty rate for HS Code 40116200 is free. This means that countries must provide duty-free treatment for these pneumatic tires when lowering trade barriers or opening up their markets. It ensures that all trading partners receive the same treatment for the goods or services falling under this HS code.
Quantity Unit: Number (NO)
The quantity unit for HS Code 40116200 is a number (NO). This unit indicates that the tires' quantity is measured in numerical values, such as pieces or sets, rather than weight or volume.
Special Tariff Preference Programs: Free (A*, AU, BH, CA, CL, E, IL, J, JO, MA, MX, OM, P, PE, SG)
Under various special tariff preference programs, certain countries enjoy duty-free treatment for HS Code 40116200. These programs include:
Importing US States:
HS Code 40116200 tires are imported into the following US states:
Exporting US States:
HS Code 40116200 tires are predominantly exported from South Carolina.
Overall, the HS Code 40116200 plays a crucial role in facilitating international trade of new pneumatic tires for construction and industrial handling vehicles. Understanding the associated duties, special tariff programs, and import/export states is essential for businesses involved in the tire industry and related sectors.