Gloves, mittens, and mitts are essential accessories that provide protection, warmth, and style. The HS Code 42032940 specifically refers to gloves, mittens, and mitts made of leather or composition leather, which are not lined and are designed for individuals other than men.
When it comes to international trade, the HS Code plays a crucial role in identifying and classifying goods. The HS Code 42032940 helps customs authorities and traders determine the specific product being imported or exported, enabling a smooth flow of goods across borders.
This article will delve into the details of the HS Code 42032940, including the product description, duty rates, quantity unit, and special tariff preference programs associated with it.
The HS Code 42032940 covers gloves, mittens, and mitts that are made either entirely of leather or composition leather. These items are designed for individuals other than men, meaning they cater to women, children, or individuals with non-binary gender identities.
The term "composition leather" refers to a material made by combining shredded leather scraps or fibers with a binding agent. This process creates a material that mimics the look and feel of genuine leather while being more cost-effective.
It is important to note that the gloves, mittens, and mitts classified under this HS Code are not lined. Lining refers to an additional layer of fabric or material inside the gloves, mittens, or mitts that provides insulation and added comfort.
The Bound / MFN (Most Favored Nation) duty rate for goods falling under the HS Code 42032940 is 12.6%. The MFN principle ensures 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.
This duty rate applies to all countries unless specific tariff preferences or special trade agreements come into play.
The quantity unit for gloves, mittens, and mitts classified under the HS Code 42032940 is a dozen pairs (DPR). This means that the products are typically traded and measured in multiples of 12 pairs.
Using the quantity unit of a dozen pairs facilitates efficient trade and simplifies inventory management for both importers and exporters.
Several countries and regions offer special tariff preference programs for gloves, mittens, and mitts falling under the HS Code 42032940. These programs aim to promote trade, economic growth, and cooperation between countries.
Under these special tariff preference programs, importers can benefit from reduced or duty-free rates when importing gloves, mittens, and mitts of leather or composition leather.
For example, the United States has implemented the Africa Growth and Opportunity Act (AGOA) and the Caribbean Basin Initiative (CBI), which provide duty-free treatment for eligible goods imported from African countries and Caribbean nations, respectively.
It is essential for importers and exporters to familiarize themselves with the specific requirements and eligibility criteria of these special tariff preference programs to take full advantage of the benefits they offer.
The data provided does not include specific information about the US states that import gloves, mittens, and mitts classified under the HS Code 42032940. However, based on the information available, it is evident that Hawaii has a significant presence in importing these products.
Hawaii's climate, with its warm temperatures and tropical surroundings, may contribute to the demand for gloves, mittens, and mitts made of leather or composition leather. Additionally, the state's tourism industry and outdoor recreational activities could further drive the need for such accessories.
The data does not provide information on the US states that export gloves, mittens, and mitts falling under the HS Code 42032940. Further information would be necessary to determine the specific states engaged in exporting these products.
However, it is worth noting that the United States is a significant player in the global trade of gloves, mittens, and mitts. With its strong manufacturing capabilities and reputation for high-quality products, the US likely exports a considerable quantity of these items to various countries around the world.
the HS Code 42032940 encompasses gloves, mittens, and mitts made of leather or composition leather, which are not lined and designed for individuals other than men. Understanding the HS Code, duty rates, quantity unit, and special tariff preference programs associated with this product is crucial for importers, exporters, and traders to navigate the global market effectively.