Gloves are a popular accessory that serve both functional and aesthetic purposes. They can provide protection, warmth, and style to the wearer. The HS Code 42032908 specifically refers to gloves made wholly of horsehide or cowhide leather, excluding calfskin. In this article, we will explore the details of this HS code and its implications for trade and import-export activities.
The gloves categorized under HS Code 42032908 are made entirely of horsehide or cowhide leather. These gloves are not specially designed for use in sports, making them suitable for various purposes such as everyday wear, driving, or working. The exclusion of calfskin leather from this HS code indicates that gloves made from calfskin fall under a different category.
The bound / MFN (Most Favored Nation) duty rate for gloves falling under HS Code 42032908 is 14%. The MFN principle states that 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. Therefore, the 14% duty rate applies consistently to gloves made wholly of horsehide or cowhide leather.
The quantity unit for gloves under HS Code 42032908 is a dozen pairs (DPR). This means that gloves are typically imported or exported in sets of twelve pairs. The dozen pairs unit provides convenience in packaging, transportation, and inventory management for businesses involved in the glove trade.
Gloves falling under HS Code 42032908 may be eligible for special tariff preference programs, which can reduce or eliminate import duties. The specific tariff rates and programs vary depending on the importing and exporting countries. Here are some examples:
These special tariff preference programs aim to promote trade cooperation and provide economic benefits to participating countries. Importers and exporters dealing with gloves under HS Code 42032908 should be aware of these programs to optimize their trading activities.
While not explicitly mentioned in the provided data, gloves under HS Code 42032908 can be imported into various states in the United States. However, it is worth noting that the data does not specify which states are the major importers of these gloves. Further research and analysis can provide valuable insights into the specific states and their import volumes.
Similarly, the data does not mention which states in the United States are the major exporters of gloves falling under HS Code 42032908. Further investigation into the export patterns can shed light on the states that dominate the glove export market.
gloves made wholly of horsehide or cowhide leather, excluding calfskin, fall under HS Code 42032908. This HS code carries a bound / MFN duty rate of 14% and is typically imported or exported in dozen pairs. Special tariff preference programs may provide reduced or duty-free treatment for gloves under this HS code, depending on the countries involved. Importers and exporters should stay informed about these programs to maximize their trade benefits.
More on HS code 42032908