Trunks, suitcases, vanity & attache cases, occupational luggage & like containers, with an outer surface of vegetable fibers, excluding cotton, fall under the HS Code 42021260. This HS Code is used to classify and identify specific types of luggage and containers made from natural materials.
The HS Code 42021260 is an important classification tool for customs authorities and trade organizations as it helps in facilitating international trade by providing a standardized system for the classification and identification of goods. It ensures that the same goods are treated in the same way across all trading partners.
When importing or exporting products falling under HS Code 42021260, it is important to be aware of the various duty rates and special tariff preference programs associated with this code. The bound / MFN duty rate for this HS Code is 5.7%, which means that countries are required to apply this duty rate when importing or exporting the specified goods.
However, there are certain special tariff preference programs that provide exemptions or reduced duty rates for goods falling under HS Code 42021260. For example, Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, and Singapore offer duty-free treatment for these goods. Additionally, the Caribbean Basin Initiative (CBI) provides a special rate of 4.4% and Morocco offers a special rate of 2.5% for products classified under this HS Code.
The quantity unit for goods classified under HS Code 42021260 is number (NO), indicating that the quantity is measured in pieces or units.
Importing states in the United States and exporting states from the United States are both involved in the trade of goods falling under HS Code 42021260. This HS Code helps in accurately tracking and monitoring the movement of these goods across different states.
HS Code 42021260 is an important classification code for trunks, suitcases, vanity & attache cases, occupational luggage & like containers made from vegetable fibers (excluding cotton). It helps in facilitating international trade by providing a standardized system for the classification and identification of these goods. Importers and exporters should be aware of the associated duty rates and special tariff preference programs to make informed decisions regarding the trade of goods falling under this HS Code.