Gloves, mittens, and mitts are essential accessories for various activities and industries. Whether it's for protection, fashion, or sports, these items serve a valuable purpose. HS Code 42032920 specifically refers to gloves, mittens, and mitts made of leather or composition leather. Let's explore this HS code in detail and understand its implications in international trade.
The product described by HS Code 42032920 includes gloves, mittens, and mitts made of leather or composition leather. These items are not seamed, meaning they are seamless and provide a smooth and comfortable fit. The code also specifies that the gloves, mittens, and mitts should not be nesi, which stands for "not elsewhere specified or included." This means that the code is exclusive to this particular type of product.
The bound / MFN (Most Favored Nation) duty rate for HS Code 42032920 is 12.6%. This duty rate applies whenever a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners are subject to the same duty rate. This promotes fair and equal treatment in international trade.
The quantity unit for HS Code 42032920 is dozen pairs (DPR). This means that the gloves, mittens, and mitts are typically measured and traded in sets of twelve pairs. This quantity unit allows for easier calculation and standardization in international trade transactions.
Several special tariff preference programs apply to HS Code 42032920, providing certain countries with preferential treatment in terms of duty rates. These programs aim to promote trade and economic cooperation between the participating countries. Here are some of the special tariff preference programs and the corresponding duty rates:
These special rates allow for reduced or duty-free treatment of gloves, mittens, and mitts made of leather or composition leather when imported from or exported to the specified countries. This encourages trade growth and strengthens economic ties.
While the provided data does not specify the exporting US states, it indicates that the product under HS Code 42032920 is commonly imported into Hawaii. This suggests a demand for gloves, mittens, and mitts of leather or composition leather in Hawaii. The exact reasons for this concentration of imports in Hawaii may vary, including climate, industry requirements, or consumer preferences.
HS Code 42032920 represents gloves, mittens, and mitts made of leather or composition leather. Understanding the HS code, its product description, duty rates, and special tariff preference programs is crucial for importers, exporters, and traders involved in the international trade of these items. By leveraging the information provided in this article, businesses can make informed decisions, explore new markets, and benefit from the preferential treatment offered by certain countries.