HS Code 43040000: Artificial Fur and Articles Thereof
Artificial fur, a popular textile material used in the fashion industry, falls under HS Code 43040000. This code is used to identify and categorize products for international trade purposes. In this article, we will explore the product description, duty rates, quantity unit, special tariff preference programs, as well as the importing and exporting states related to HS Code 43040000.
Product Description: Artificial fur and articles thereof are encompassed under HS Code 43040000. This category includes a wide range of items such as coats, jackets, hats, gloves, and other accessories made from synthetic fur.
Duty Rates: The bound or most-favored-nation (MFN) duty rate for products falling under HS Code 43040000 is 6.5%. This means that whenever a country lowers trade barriers or opens up its market, it must apply the same duty rate for the same goods or services from all its trading partners.
Quantity Unit: The quantity unit for HS Code 43040000 is reported as "no units collected (X)". This indicates that the specific quantity of artificial fur and articles thereof is not measured or reported.
Special Tariff Preference Programs: Several special tariff preference programs are applicable to imports under HS Code 43040000. These programs provide various benefits, including duty-free treatment, to eligible countries. The special tariff preference programs for artificial fur and articles thereof are as follows:
- Free Trade Agreements: Imports from Australia, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, and Singapore are eligible for duty-free treatment.
- Least-Developed Beneficiary Developing Countries: Imports from least-developed beneficiary developing countries are eligible for duty-free treatment under this subheading.
- Africa Growth and Opportunity Act (AGOA): Imports from eligible African countries under AGOA receive duty-free treatment.
- Caribbean Basin Initiative (CBI): Imports from countries in the Caribbean Basin Initiative receive duty-free treatment.
- Andean Trade Preference Act (ATPA): Imports from countries eligible under ATPA receive duty-free treatment.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from countries under the DR-CAFTA agreement receive duty-free treatment.
- Bahrain Special Rate: Imports from Bahrain receive duty-free treatment.
Importing US States: The following US states are known to import products falling under HS Code 43040000:
- Colorado
- Idaho
- Kansas
- Maine
- Maryland
- Minnesota
- Montana
- Nebraska
- Oregon
- South Dakota
- Vermont
- Washington
- Wisconsin
Exporting US States: The following US states are known to export products falling under HS Code 43040000:
- Alabama
- Maine
- Maine
- Alaska
- Maine
- Washington
- Oregon
HS Code 43040000 represents artificial fur and articles thereof. This code helps in the identification and classification of these products for international trade purposes. Understanding the product description, duty rates, special tariff preference programs, and the states involved in importing and exporting can provide valuable insights for businesses and policymakers in the textile industry.
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