New pneumatic tires (nonradial), of rubber, for construction or industrial handling vehicles and machines, with a rim size over 61 cm, fall under the HS Code 40119480. This HS code is used to classify and identify specific goods for trade and customs purposes.
The HS Code 40119480 is applicable to pneumatic tires made of rubber that are designed for use in construction or industrial handling vehicles and machines. These tires have a rim size larger than 61 cm. The abbreviation "nesoi" stands for "not elsewhere specified or included," which indicates that this HS code encompasses a wide range of tires in this category.
When importing goods classified under HS Code 40119480, the bound or most-favored-nation (MFN) duty rate 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. This duty rate is applicable to all countries unless specific tariff preference programs are in place.
However, there are several special tariff preference programs that allow for duty-free treatment of goods classified under HS Code 40119480. These programs include:
When importing goods classified under HS Code 40119480 into the United States, the following states are known to engage in trade for this product:
On the other hand, the specific exporting states within the United States for goods classified under HS Code 40119480 are:
The HS Code 40119480 plays a crucial role in international trade as it helps classify and identify specific goods for customs and trade purposes. Understanding the details and implications of this HS code is essential for importers, exporters, and customs authorities to ensure compliance with international trade regulations and to facilitate smooth trade transactions.