Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 42029100: Cases, bags and containers nesi, with outer surface of leather, of composition leather or patent leather

When it comes to international trade, it is essential to have a standardized system in place to classify and categorize different products. One such system is the Harmonized System (HS) code, which is used by countries around the world to classify goods for customs and trade purposes. In this article, we will explore the HS code 42029100, which pertains to cases, bags, and containers made of leather or composition leather.

The HS code 42029100 specifically refers to cases, bags, and containers that have an outer surface made of leather, composition leather, or patent leather. These products are commonly used for various purposes such as carrying personal belongings, storing goods, or protecting valuable items.

One important aspect to consider when dealing with HS codes is the bound or Most Favored Nation (MFN) duty rate. The MFN duty rate for HS code 42029100 is 4.5%. The MFN duty rate is the rate that a country applies to imports from all its trading partners. This means that whenever 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.

In addition to the MFN duty rate, there are also special tariff preference programs that can affect the duty rate for HS code 42029100. Some countries have special agreements or trade preferences with the United States that result in lower or even duty-free rates for specific products.

For HS code 42029100, there are several special tariff preference programs in place. These programs include:

• Australia Special Rate: This program allows imports of cases, bags, and containers made of leather to enter the United States duty-free.
• Bahrain Special Rate: Imports from Bahrain also enjoy duty-free treatment under this program.
• Canada (NAFTA): Cases, bags, and containers made of leather from Canada are eligible for duty-free treatment under the North American Free Trade Agreement (NAFTA).
• Chile Special Rate: Imports from Chile also benefit from a special rate for cases, bags, and containers made of leather.
• Africa Growth and Opportunity Act (AGOA): Under this program, imports from eligible African countries, including cases, bags, and containers made of leather, receive duty-free treatment.
• Israel Special Rate: Imports of cases, bags, and containers made of leather from Israel are also eligible for duty-free treatment.
• Andean Trade Promotion and Drug Eradication Act (ATPDEA): Imports from certain Andean countries, such as Colombia, Ecuador, and Peru, enjoy duty-free treatment under this program.
• Jordan Special Rate: Imports from Jordan of cases, bags, and containers made of leather receive a special rate.
• Morocco Special Rate: Morocco also benefits from a special rate for cases, bags, and containers made of leather.
• Mexico (NAFTA): Similar to Canada, Mexico is also part of NAFTA, allowing duty-free treatment for cases, bags, and containers made of leather.
• Oman Special Rate: Imports from Oman of cases, bags, and containers made of leather receive a special rate.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Cases, bags, and containers made of leather from the Dominican Republic and certain Central American countries receive a special rate under this program.
• Peru Special Rate: Imports from Peru of cases, bags, and containers made of leather enjoy a special rate.
• Caribbean Basin Trade Partnership Act (CBTPA): This program allows duty-free treatment for imports from eligible Caribbean countries, including cases, bags, and containers made of leather.
• Singapore Special Rate: Imports from Singapore of cases, bags, and containers made of leather receive a special rate.
• Caribbean Basin Initiative (CBI): Under this program, imports from certain Caribbean countries benefit from a duty rate of 3.5% for cases, bags, and containers made of leather.

It is important for importers and exporters to be aware of these special tariff preference programs as they can have significant cost implications. By taking advantage of these programs, businesses can benefit from lower duty rates or even duty-free treatment, making their products more competitive in the international market.

HS code 42029100 pertains to cases, bags, and containers made of leather, composition leather, or patent leather. The MFN duty rate for this HS code is 4.5%, and there are various special tariff preference programs in place that can affect the duty rate, including duty-free treatment for certain countries. By understanding and leveraging these programs, businesses can optimize their import and export operations and enhance their competitiveness in the global marketplace.