Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 40122060: Used Pneumatic Tires for On-Highway Vehicles

When it comes to the transportation industry, one of the most important components of vehicles is the tires. They play a crucial role in ensuring the safety and efficiency of transportation. In the world of international trade, these tires are classified under the HS Code 40122060. Let's dive deeper into the details of this HS code and understand its implications.

Product Description

The HS Code 40122060 refers to used pneumatic tires made of rubber specifically designed for vehicles used for on-highway transport of passengers or goods. These tires are not limited to a particular type of vehicle but encompass all vehicles falling under heading 8705, which includes various types of vehicles such as cars, trucks, buses, and more.

Bound / MFN Duty Rate

The bound or Most Favored Nation (MFN) duty rate for HS Code 40122060 is free. This means that when 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 encourages fair trade practices and ensures that all countries have equal access to the market.

Quantity Unit

The quantity unit for HS Code 40122060 is measured in numbers (NO). This unit represents the number of used pneumatic tires being imported or exported.

Special Tariff Preference Programs

Several countries have special tariff preference programs in place for the import and export of used pneumatic tires falling under HS Code 40122060. These programs offer different rates and exemptions to promote trade and strengthen bilateral relations. Some of the countries and programs applicable to this HS code include:

• Generalized System of Preferences (GSP) - Provides duty-free treatment
• Australia Special Rate - Offers a special rate for imports from Australia
• Bahrain Special Rate - Offers a special rate for imports from Bahrain
• NAFTA for Canada - Provides duty-free treatment for imports from Canada
• Chile Special Rate - Offers a special rate for imports from Chile
• Caribbean Basin Initiative (CBI) - Provides special rates for imports from eligible Caribbean countries
• Israel Special Rate - Offers duty-free treatment for imports from Israel
• Andean Trade Preference Act (ATPA) - Provides special rates for imports from eligible Andean countries
• Jordan Special Rate - Offers a special rate for imports from Jordan
• Morocco Special Rate - Offers a special rate for imports from Morocco
• NAFTA for Mexico - Provides duty-free treatment for imports from Mexico
• Oman Special Rate - Offers a special rate for imports from Oman
• Dominican Republic-Central American Special Rate (DR-CAFTA) - Provides special rates for imports from eligible countries in the DR-CAFTA region
• Peru Special Rate - Offers a special rate for imports from Peru
• Singapore Special Rate - Offers a special rate for imports from Singapore

Importing and Exporting US States

HS Code 40122060 is applicable to both imports and exports of used pneumatic tires for on-highway vehicles in the United States. This means that these tires can be either imported into the US or exported from the US to other countries. The specific states involved in importing or exporting will vary depending on the trade activities and demand for these tires.

Overall, the HS Code 40122060 plays a vital role in regulating the import and export of used pneumatic tires for on-highway vehicles. It ensures fair trade practices, provides preferential treatment through special tariff preference programs, and promotes international cooperation in the transportation industry.