When it comes to international trade, it is important to have a standardized system for classifying goods. This is where HS codes come into play. HS Code 42029230 is specifically assigned to travel, sports, and similar bags with an outer surface made of textile materials other than vegetable fibers.
The HS code system, also known as the Harmonized System, is used by customs authorities around the world to classify and categorize goods for import and export purposes. This system ensures that goods are classified consistently across different countries and facilitates international trade.
HS Code 42029230 specifically applies to bags that are used for travel, sports, and other similar purposes. These bags are made of textile materials, but not vegetable fibers. Textile materials can include fabrics such as cotton, nylon, polyester, or blends of these materials.
It is important to note that the HS code does not provide detailed specifications about the bag, such as size, design, or functionality. Its purpose is solely to classify the general category of the product for import and export purposes.
Now, let's take a closer look at the duty rates and special tariff preference programs associated with HS Code 42029230.
The bound or MFN (Most Favored Nation) duty rate for HS Code 42029230 is 17.6%. The MFN duty rate is the rate that applies to all trading partners of a country when it lowers a trade barrier or opens up a market. This means that any country importing travel, sports, or similar bags with the specified characteristics will be subject to a duty rate of 17.6%.
The quantity unit for HS Code 42029230 is number (NO), indicating that the bags are measured and reported in individual units.
Some countries have special tariff preference programs that offer reduced or duty-free rates for certain goods. In the case of HS Code 42029230, the following special tariff preference programs apply:
These special tariff preference programs provide opportunities for certain countries to import travel, sports, and similar bags with lower or no duty rates. It is important for importers and exporters to be aware of these programs and take advantage of them when applicable.
While the data provided does not specify the exporting US states for HS Code 42029230, it mentions that the bags are imported to Hawaii. This indicates that Hawaii is one of the US states that imports travel, sports, and similar bags with the specified characteristics.
HS Code 42029230 is assigned to travel, sports, and similar bags with an outer surface made of textile materials other than vegetable fibers. It is important for importers and exporters to be familiar with the duty rates and special tariff preference programs associated with this HS code to optimize their international trade operations.