Harmonized System Codes • Schedule B • Harmonized Commodity Description

The HS Code 40129070: Bicycle Rim Strips of Rubber

When it comes to the world of international trade, there are many codes and classifications that help regulate and streamline the process. One such code is the HS Code, which stands for Harmonized System Code. Each product is assigned a unique HS Code that helps identify and categorize it for customs and trade purposes.

In this article, we will be focusing on the HS Code 40129070, which refers to bicycle rim strips made of rubber. This particular HS Code is specifically for rim strips that are made of rubber other than natural rubber.

Bound / MFN Duty Rate: Free

One important aspect of the HS Code is the duty rate associated with the product. The duty rate is the tax or fee that is imposed on imported goods when they enter a country. In the case of HS Code 40129070, the bound / MFN (Most Favored Nation) duty rate is free. This means that there is no duty imposed on bicycle rim strips made of rubber other than natural rubber.

Special Tariff Preference Programs: Free

In addition to the bound / MFN duty rate, certain products may also be eligible for special tariff preference programs. These programs provide additional benefits and exemptions to specific countries or regions. For HS Code 40129070, the following countries and regions have special tariff preference programs that allow for duty-free treatment:

• Generalized System of Preferences (GSP): This program provides duty-free treatment to eligible countries.
• Australia Special Rate
• Bahrain Special Rate
• NAFTA (North American Free Trade Agreement) for Canada: This program allows for duty-free treatment between the United States, Canada, and Mexico.
• Chile Special Rate
• Caribbean Basin Initiative (CBI)
• Israel Special Rate
• Andean Trade Preference Act (ATPA)
• Jordan Special Rate
• Morocco Special Rate
• NAFTA for Mexico
• Oman Special Rate
• Dominican Republic-Central American Special Rate (DR-CAFTA)
• Peru Special Rate
• Singapore Special Rate

Quantity Unit: Kilograms (KG)

When it comes to measuring and quantifying the import and export of goods, the quantity unit is an important factor. For HS Code 40129070, the quantity unit is kilograms (KG). This means that the weight of the bicycle rim strips made of rubber other than natural rubber is measured in kilograms.

Importing US States and Exporting US States

Finally, let's take a look at the importing and exporting US states for HS Code 40129070. These states play a crucial role in the trade of bicycle rim strips made of rubber other than natural rubber:

• Importing US States: Any state within the United States can import bicycle rim strips made of rubber other than natural rubber using the HS Code 40129070.
• Exporting US States: Similarly, any state within the United States can export bicycle rim strips made of rubber other than natural rubber using the HS Code 40129070.

the HS Code 40129070 is an essential classification for bicycle rim strips made of rubber other than natural rubber. With its duty-free treatment and eligibility for various special tariff preference programs, this HS Code plays a vital role in facilitating international trade and ensuring the smooth movement of goods between countries.