The HS Code 56012200 refers to wadding of man-made fibers and other articles made from such wadding not elsewhere specified. This code is used to classify and track the import and export of these specific goods. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The product description of HS Code 56012200 is wadding of man-made fibers and other articles made from such wadding not elsewhere specified. Wadding is a type of padding material used in various industries, such as textiles, upholstery, and bedding. It provides insulation, cushioning, and support in different applications.
The bound / MFN (Most Favored Nation) duty rate for HS Code 56012200 is 6.3%. This means that every time a country reduces trade barriers or opens up its market, it must apply the same duty rate of 6.3% to the imported goods classified under this HS code. The MFN principle ensures equal treatment for all trading partners.
The quantity unit for HS Code 56012200 is kilograms (KG). This unit is used to measure the weight of the imported or exported wadding and other articles made from such wadding. It helps in determining the quantity and pricing of the goods during trade transactions.
Several special tariff preference programs are applicable to HS Code 56012200. These programs provide certain countries with preferential treatment in terms of duty rates. The following countries enjoy special rates for importing goods classified under this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved. They provide opportunities for businesses to import and export goods at reduced or no duty rates, making trade more advantageous and cost-effective.
HS Code 56012200 is used to track the import and export of wadding and related articles in the United States. The specific importing and exporting states may vary depending on market demand and supply. However, some of the major importing states for these goods include California, Texas, New York, Florida, and Illinois. Similarly, major exporting states may include California, Texas, North Carolina, Georgia, and Virginia.
HS Code 56012200 represents wadding of man-made fibers and other articles made from such wadding not elsewhere specified. This code helps in classifying and regulating the import and export of these goods. With its product description, duty rates, quantity unit, and special tariff preference programs, it facilitates international trade and enables businesses to benefit from reduced or duty-free treatment in specific countries.