Baskets and bags made from rattan wickerwork are classified under HS Code 46021214. This code is used to identify and classify these specific products for international trade purposes. Understanding this code is essential for importers, exporters, and customs officials to ensure accurate classification and proper application of duties and trade preferences.
The product description for HS Code 46021214 is "Baskets and bags of rattan wickerwork." Rattan wickerwork refers to the weaving technique using rattan, a natural material derived from the stems of certain palm species. Baskets and bags made through this method are known for their durability, flexibility, and aesthetic appeal.
When it comes to trade barriers and market access, the bound (maximum) and most-favored-nation (MFN) duty rate for HS Code 46021214 is free. This means that countries must eliminate or reduce import duties on these products when lowering trade barriers or opening up their markets. This principle ensures equal treatment for goods or services from all trading partners.
The quantity unit for HS Code 46021214 is measured in numbers (NO). This means that the quantity of baskets and bags of rattan wickerwork is counted individually rather than by weight, volume, or any other unit of measurement.
Furthermore, there are special tariff preference programs available for HS Code 46021214. These programs grant duty-free treatment or preferential rates to specific countries. The countries eligible for these preferences include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific products. Importers and exporters should take advantage of these programs to minimize costs and enhance market access.
HS Code 46021214 is relevant for both importing and exporting US states. Importers located in any US state can use this code to classify and declare their imports of baskets and bags made from rattan wickerwork. Similarly, exporters from any US state can use this code to classify and declare their exports of these products to other countries.
HS Code 46021214 represents baskets and bags of rattan wickerwork. This code plays a vital role in international trade, facilitating accurate classification, and determining applicable duties and trade preferences. Importers, exporters, and customs officials must be familiar with this code to ensure compliance with regulations and optimize trade opportunities.