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Global Tariffs, Categorized
🇺🇸 United States
🇮🇳 India
📦 Endless transmission belts of trapezoidal cross section (V-belts), other than V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm
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United States to India Trade Analysis for Endless transmission belts of trapezoidal cross section (V-belts), other than V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm

Detailed tariff information for Endless transmission belts of trapezoidal cross section (V-belts), other than V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm imports

Endless transmission belts of trapezoidal cross section (V-belts), other than V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm Tariff Rate

HS Code:

7.5%
Effective 01-Jan-2022
View general trade relationship between United States and India

Trade Volume

Value
USD 10.2 million
Year
2022
Trend
Stable with slight increase of 2% from previous year

Special Rates

Preferential Rate under US-India Trade Agreement
0%
Applicable under specific trade agreements or schemes like GSP (if reinstated); subject to certification and compliance with rules of origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-India Trade Talks Highlight V-Belt Exports
Recent trade discussions between the US and India emphasized increasing exports of endless transmission belts (V-belts) under HS Code 4010.32. India aims to boost its manufacturing sector by targeting the US market for industrial components.
2023-10-15
Impact: Potential increase in Indian V-belt exports to the US, strengthening bilateral trade in industrial goods.
US Importers Seek Indian V-Belts Amid Supply Chain Shifts
US importers are turning to Indian manufacturers for V-belts (HS Code 4010.32) as supply chain disruptions from other regions persist. Indian suppliers are ramping up production to meet demand.
2023-09-22
Impact: Likely rise in trade volume for V-belts from India to the US, benefiting Indian exporters.
India-US Trade Agreement to Ease V-Belt Tariffs
A new trade agreement framework between the US and India includes discussions on reducing tariffs for industrial products like V-belts (HS Code 4010.32), aiming to enhance market access.
2023-08-30
Impact: Reduced tariffs could lower costs for US buyers and increase competitiveness of Indian V-belt exports.
Policy Updates
US Revises Import Duties on Industrial Belts
The US has announced a minor reduction in import duties on certain industrial goods, including endless transmission belts under HS Code 4010.32, to support domestic manufacturing needs and diversify supply sources.
Date: 2023-10-01
India Updates Export Incentives for V-Belt Manufacturers
India's Ministry of Commerce has introduced new export incentives under the Merchandise Exports from India Scheme (MEIS) for V-belt manufacturers (HS Code 4010.32), aiming to boost shipments to key markets like the US.
Date: 2023-09-10