Luggage, handbags, and flat goods made from plaiting materials are classified under HS Code 46021929. This code is used to identify and classify these specific products for international trade purposes. In this article, we will explore the details of this HS code, including its product description, duty rates, special tariff preference programs, and the importing and exporting US states.
The product description for HS Code 46021929 is "Luggage, handbags and flat goods, whether or not lined, made from plaiting materials nesoi." Plaiting materials refer to materials that are woven or braided, such as natural fibers (e.g., straw, rattan) or synthetic materials (e.g., plastic, nylon). These materials are used to create various types of bags and flat goods, including luggage, handbags, wallets, and other accessories.
The bound / MFN (Most Favored Nation) duty rate for products classified under HS Code 46021929 is 5.3%. 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 duty rate is applied to the customs value of the imported goods and is payable by the importer. It is important for businesses involved in international trade to be aware of the duty rates associated with their products to accurately calculate costs and pricing.
The quantity unit for HS Code 46021929 is "number" (NO). This unit represents the number of units or pieces of luggage, handbags, or flat goods being imported or exported.
Products classified under HS Code 46021929 may be eligible for certain special tariff preference programs, which can provide reduced or even duty-free rates. The following special tariff preference programs apply to this HS code:
These special tariff preference programs allow importers or exporters from specific countries or regions to benefit from reduced or eliminated duty rates when trading under certain conditions. It is essential for businesses to understand and meet the requirements of these programs to take advantage of the associated tariff benefits.
The following US states are known for importing products classified under HS Code 46021929:
These states have a demand for luggage, handbags, and flat goods made from plaiting materials, and businesses looking to export these products should consider targeting these markets.
The following US states are known for exporting products classified under HS Code 46021929:
These states are known for their production and export of luggage, handbags, and flat goods made from plaiting materials. Businesses looking to import these products from the United States can explore opportunities with exporters located in these states.
HS Code 46021929 is an important code for identifying and classifying luggage, handbags, and flat goods made from plaiting materials. Businesses involved in the import and export of these products should be aware of the product description, duty rates, special tariff preference programs, and the importing and exporting US states associated with this HS code to effectively navigate international trade.