What is the commodity code 40101200?

Dec. 20, 2023

The commodity code 40101200 is a specific code used to classify and categorize a particular type of product or item. In this case, the code 40101200 is specifically used to identify and distinguish a certain type of rubber tire. This commodity code is part of a wider system known as the Harmonized System (HS) classification, which is used globally to standardize the classification of goods for taxation, trade, and statistical purposes.

Definition and Description.

What is the commodity code 40101200?

Under the HS classification, the commodity code 40101200 falls under the heading of "Pneumatic tires, of rubber." Pneumatic tires refer to tires that are filled with air, as opposed to solid or foam-filled tires. The code includes a range of rubber tires designed for various vehicles and applications, such as passenger cars, motorcycles, bicycles, and other similar vehicles.

The code 40101200 provides a specific classification for a subset of rubber tires. While the exact descriptions and specifications may vary depending on the country or region, generally, this code refers to tires for passenger cars. These tires are typically made of specialized rubber compounds and designed to provide traction, stability, and durability on various road conditions.

Importance and Application.

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Commodity codes, including the code 40101200, play a crucial role in various areas, including international trade, customs, and taxation. Governments and regulatory bodies use these codes to track and monitor the movement of goods, ensure compliance with regulations, and determine appropriate taxes and duties. Importers and exporters also rely on commodity codes when making customs declarations and determining the associated costs.

Furthermore, the use of commodity codes enables the collection and analysis of trade data for statistical purposes. Governments and international organizations can gain insights into trade patterns, volume, and value by analyzing the data associated with specific commodity codes. This information helps policymakers and businesses make informed decisions and develop appropriate strategies.

In the case of the code 40101200, manufacturers, distributors, and retailers of rubber tires use this commodity code to maintain accurate inventory records, streamline supply chain processes, and facilitate sales and procurement activities. By efficiently categorizing rubber tires under this code, stakeholders in the industry can easily identify and track these products, ensuring smooth operations and improving overall customer satisfaction.

Conclusion.

In conclusion, the commodity code 40101200 is a specific code used to classify and categorize a particular type of rubber tire. It falls under the broader category of pneumatic tires made of rubber. This code is an essential tool for governments, regulatory bodies, businesses, and other stakeholders involved in international trade and customs. It enables accurate tracking, monitoring, and analysis of rubber tire-related activities. By understanding and utilizing commodity codes, individuals and organizations can effectively navigate global trade regulations, streamline operations, and ultimately provide better products and services to customers.

For more information about commodity codes, including the code 40101200, please feel free to contact us. We are here to assist you with any queries or concerns you may have regarding trade classification and related matters.

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