HS Code 67021040: Artificial Flowers, Foliage, and Fruit
Artificial flowers, foliage, and fruit have become increasingly popular in home decor and event planning. They offer a long-lasting and low-maintenance alternative to real flowers and plants. These artificial products are not only used for decorative purposes but also in various art forms. This article focuses on the HS Code 67021040, which specifically refers to articles of artificial flowers, etc., made of plastics and not assembled by binding, gluing, or similar methods.
The HS Code, or Harmonized System Code, is an internationally recognized coding system used to classify products for customs and trade purposes. It helps standardize the classification of goods and facilitates international trade by ensuring consistency in customs procedures and tariff rates.
Under the HS Code 67021040, artificial flowers, foliage, and fruit made of plastics are classified. This includes a wide range of products such as artificial flower bouquets, wreaths, garlands, and decorative fruits made of plastic materials. These products are designed to mimic the appearance of real flowers, foliage, and fruit, providing a visually appealing alternative for various applications.
When importing or exporting goods classified under HS Code 67021040, it is important to be aware of the applicable duty rates and any special tariff preference programs that may be available. The bound/MFN (Most Favored Nation) duty rate for this HS Code is 3.4%. 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.
However, there are special tariff preference programs that offer duty-free treatment for goods classified under HS Code 67021040. These programs include the Generalized System of Preferences (GSP), which grants duty-free treatment to eligible developing countries. Countries such as Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, Dominican Republic, Peru, and Singapore have special rates or duty-free treatment under specific trade agreements.
In terms of quantity units, no units are collected for HS Code 67021040. This may vary depending on the specific product and its packaging.
Artificial flowers, foliage, and fruit classified under HS Code 67021040 are imported and exported to and from various U.S. states. Vermont is one of the states involved in both importing and exporting these products. The demand for artificial flowers and foliage is driven by the need for long-lasting and low-maintenance decorative elements in homes, offices, and events.
HS Code 67021040 pertains to articles of artificial flowers, foliage, and fruit made of plastics, not assembled by binding, gluing, or similar methods. These products offer a durable and visually appealing alternative to real flowers and plants. It is important to be aware of the applicable duty rates and any special tariff preference programs when importing or exporting goods under this HS Code. With the use of artificial flowers, foliage, and fruit, individuals and businesses can enjoy the beauty of nature without the need for constant maintenance.
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