The HS Code 42029204 refers to an insulated beverage bag with an outer surface made of textiles. This bag is designed to store and dispense beverages through a flexible plastic container and tubing. It is commonly used for keeping drinks hot or cold during transportation or storage.
When importing this product, the quantity unit is measured in numbers (NO). This means that the quantity of bags being imported is counted based on the number of individual units.
One important aspect to consider when importing or exporting goods is the duty rate. The bound / MFN duty rate for HS Code 42029204 is 7%. This means that every time 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. This helps ensure fair and equal treatment for all countries involved in international trade.
However, there are special tariff preference programs available for this product. In some cases, the duty rate can be reduced or eliminated depending on the country of origin and destination. For example, the following countries offer duty-free treatment for this product: Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore. These countries have established special rates or agreements that allow for preferential treatment of certain goods.
In addition to the countries mentioned above, there is a special rate of 3.1% for this product when imported from Morocco. This means that when importing the insulated beverage bags from Morocco, a lower duty rate of 3.1% applies.
For businesses located in the United States, it is important to consider the specific states involved in importing or exporting this product. In the case of HS Code 42029204, there is no specific information provided regarding the exporting states. However, it is stated that Hawaii is one of the importing states for this product. This information can be useful for businesses located in Hawaii or those planning to export this product to Hawaii.
HS Code 42029204 is used to classify insulated beverage bags with textile outer surfaces. These bags are designed to store and dispense beverages through flexible plastic containers and tubing. The duty rate for this product is 7%, but there are special tariff preference programs in place that may reduce or eliminate the duty depending on the country of origin and destination. As an importer or exporter, it is important to be aware of these programs and the specific requirements for each country involved in the trade.