Interchangeable tire treads and tire flaps are vital components in the automotive industry. These rubber products are used to enhance the performance, durability, and safety of tires. The HS code 40129090 specifically refers to interchangeable tire treads and tire flaps made of rubber other than natural rubber, excluding bicycle rim strips.
When importing or exporting these products, it is essential to understand the details and regulations associated with HS Code 40129090. This article aims to provide comprehensive information about this HS code, including its description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product description clarifies that HS Code 40129090 encompasses interchangeable tire treads and tire flaps made from rubber other than natural rubber. These components play a crucial role in tire performance and safety, providing enhanced traction, grip, and stability on various road surfaces. However, bicycle rim strips are not included under this HS code.
The bound / MFN (Most Favored Nation) duty rate for HS Code 40129090 is set at 2.7%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. Importers and exporters must be aware of this duty rate while conducting international trade involving interchangeable tire treads and tire flaps.
The quantity unit for HS Code 40129090 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight of the imported or exported products. It is important for accurate documentation and calculation of shipping and logistics costs.
HS Code 40129090 is eligible for various special tariff preference programs, providing duty-free or special rate treatment for certain countries. The Generalized System of Preferences (GSP) allows duty-free treatment, while specific rates apply to countries like Australia, Bahrain, Canada under NAFTA, Chile, Israel, Jordan, Morocco, Mexico under NAFTA, Oman, Dominican Republic-Central America under DR-CAFTA, Peru, and Singapore. These special tariff preference programs encourage trade and promote economic cooperation between countries.
When dealing with HS Code 40129090, it is essential to know the importing and exporting US states involved in the trade. While specific data for this HS code is not provided, it is important to consider major automotive manufacturing states such as Michigan, Ohio, Indiana, Texas, Kentucky, and California as potential importers or exporters of interchangeable tire treads and tire flaps.
HS Code 40129090 covers interchangeable tire treads and tire flaps made of rubber other than natural rubber, excluding bicycle rim strips. Importers and exporters should be familiar with the bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS code. Understanding the regulations and preferences related to HS Code 40129090 is crucial for successful international trade in the automotive industry.