Trunks, suitcases, vanity and attache cases, occupational luggage, and similar containers are essential items when it comes to traveling or storing personal belongings. These containers provide convenience, security, and protection for our belongings. The HS Code 42021220 specifically refers to such containers with an outer surface made of plastics.
When importing or exporting goods, it is crucial to understand the regulations and tariffs associated with the HS Code. The Bound / MFN duty rate for the HS Code 42021220 is 20%. This means that every time 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.
The quantity unit for the HS Code 42021220 is "number" (NO), indicating that the measurement is based on the number of containers being imported or exported.
Furthermore, there are special tariff preference programs in place for the HS Code 42021220. These programs provide specific duty rates based on the country of import or export. Some of the programs applicable to this HS Code include:
Under the Free tariff preference program, countries such as Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic (under DR-CAFTA), Peru, Singapore, and various others offer duty-free treatment for the import or export of trunks, suitcases, vanity and attache cases, occupational luggage, and similar containers with an outer surface made of plastics.
However, under the Caribbean Basin Initiative (CBI), a duty rate of 17.5% is applicable for the import or export of such containers.
It is important for importers and exporters to be aware of these special tariff preference programs and take advantage of any applicable duty-free treatment. This can significantly impact the cost and competitiveness of their products in the international market.
When it comes to importing or exporting goods within the United States, it is also essential to consider the specific states involved. Different states may have their own regulations and requirements for the import or export of trunks, suitcases, vanity and attache cases, occupational luggage, and similar containers with an outer surface made of plastics.
the HS Code 42021220 covers trunks, suitcases, vanity and attache cases, occupational luggage, and similar containers with an outer surface made of plastics. It is crucial for importers and exporters to understand the associated tariffs, special tariff preference programs, and any state-specific regulations when dealing with this HS Code. By staying informed and taking advantage of available benefits, businesses can optimize their international trade operations involving these containers.