When it comes to international trade, products are classified using a standardized system called the Harmonized System (HS). Each product is assigned a unique HS code, which helps in identifying and classifying goods for customs and trade purposes. In this article, we will be exploring the HS code 42023990, which pertains to articles of a kind normally carried in the pocket or handbag, with an outer surface made of vulcanized fiber or paperboard.
The HS code 42023990 specifically applies to products that are typically small and portable, designed to be carried in pockets or handbags. These items are often made from vulcanized fiber or paperboard, which gives them durability and strength while remaining lightweight. Examples of products that fall under this HS code include wallets, cardholders, organizers, and other similar items.
Now, let's delve into the details of the HS code 42023990:
The bound / MFN (Most Favored Nation) duty rate for products classified under HS code 42023990 is 20%. The MFN duty rate is the rate that applies to all trading partners equally, ensuring fair and non-discriminatory trade practices. Whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for products classified under HS code 42023990 is the number (NO), indicating that the products are measured in individual units.
Under various special tariff preference programs, certain countries may enjoy preferential treatment or reduced duty rates for products classified under HS code 42023990. Here are the details:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing incentives for certain products to enter their markets at reduced or zero duty rates.
While specific data regarding the importing US states is not available, products classified under HS code 42023990 can be imported into various states across the United States. One example is New Jersey, which is known for its bustling trade and commerce.
Similarly, products classified under HS code 42023990 can be exported from various states across the United States. The specific exporting US states may vary depending on the manufacturers and suppliers of these products. However, since this information is not provided in the data, we cannot determine the exact exporting US states for this HS code.
the HS code 42023990 covers articles of a kind normally carried in the pocket or handbag, with an outer surface made of vulcanized fiber or paperboard. This code helps in classifying and identifying these products for international trade purposes. Understanding the details, such as the duty rates and special tariff preference programs, can be beneficial for importers, exporters, and anyone involved in the trade of these specific goods.