Luggage, handbags, and flat goods made of bamboo fall under the HS Code 46021121. This code is used to categorize and identify these specific products for international trade purposes. In this article, we will delve into the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The HS Code 46021121 refers to luggage, handbags, and flat goods made of bamboo. These products may or may not be lined. Bamboo is a natural and sustainable material that has gained popularity in the fashion industry due to its eco-friendly properties. Luggage, handbags, and flat goods made of bamboo offer a unique and stylish alternative to traditional materials.
The bound or most-favored-nation (MFN) duty rate for HS Code 46021121 is set at 6.2%. This means 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. The 6.2% duty rate applies to the importation of luggage, handbags, and flat goods made of bamboo into various countries.
The quantity unit for HS Code 46021121 is the number (NO). This unit signifies that the quantity of these products is measured and recorded in numerical figures.
Various special tariff preference programs apply to the importation of luggage, handbags, and flat goods made of bamboo under the HS Code 46021121. These programs offer either duty-free treatment or reduced duty rates for specific countries. The special tariff preference programs applicable to this HS code are as follows:
These special tariff preference programs provide trade benefits to specific countries, promoting economic cooperation and facilitating international commerce.
HS Code 46021121 applies to both importation and exportation of luggage, handbags, and flat goods made of bamboo in the United States. Importing US states include all states within the country that receive these products from international sources. Exporting US states refer to those states within the United States that ship these products to other countries as part of their trade activities.
Overall, the HS Code 46021121 plays a crucial role in classifying and regulating the international trade of luggage, handbags, and flat goods made of bamboo. Its detailed product description, duty rates, quantity unit, and special tariff preference programs ensure fair trade practices and facilitate global commerce.