Buttons are small fasteners that are used to secure two pieces of fabric together. They come in various shapes, sizes, and materials, and are an essential component in the garment industry. The HS Code 96062960 specifically refers to buttons that are not elsewhere specified or included (nesoi).
When importing or exporting buttons, it is important to be familiar with the HS Code as it helps in the classification of goods for customs purposes. The HS Code 96062960 is used to identify and categorize buttons in international trade, ensuring that they are properly regulated and duties are applied correctly.
One aspect to consider when dealing with the HS Code 96062960 is the bound or most-favored-nation (MFN) duty rate. The current duty rate for buttons under this HS Code is 2.9%. This means that when a country lowers a trade barrier or opens up a market, it must do so for buttons from all its trading partners at the same rate.
The quantity unit for buttons under this HS Code is gross (GRS). Gross refers to the total number of buttons in a shipment, regardless of their individual packaging or presentation.
There are also special tariff preference programs associated with the HS Code 96062960. These programs provide certain countries with preferential treatment or duty-free access to the US market. The following countries benefit from such programs for buttons:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and the beneficiary countries. By providing preferential treatment or duty-free access, it encourages increased imports and exports of buttons, benefiting both producers and consumers.
When importing buttons under the HS Code 96062960, it is important to be aware of the specific regulations and requirements of the importing and exporting US states. Each state may have its own regulations and procedures for the importation of goods, including buttons. Compliance with these regulations ensures smooth customs clearance and avoids any delays or penalties.
the HS Code 96062960 is used to classify and regulate buttons, nesoi, in international trade. It helps in determining the duty rate, quantity unit, and eligibility for special tariff preference programs. Being familiar with this HS Code is essential for importers, exporters, and anyone involved in the global button trade.