HS Code 46012240: Woven or Partly Assembled Materials of Rattan for Mats, Matting, and Screens
Rattan, a type of climbing palm, has long been used in the production of various household items and furniture. Its flexible and durable nature makes it an ideal material for weaving mats, matting, and screens. The International Trade Commission has assigned HS Code 46012240 to classify these woven or partly assembled materials of rattan.
The HS Code system is an internationally recognized classification system for traded goods. It helps in the uniform classification of goods for customs purposes and facilitates the collection of trade statistics. HS Code 46012240 specifically identifies woven or partly assembled materials of rattan that are used for mats, matting, and screens.
When importing or exporting goods, it is crucial to be aware of the HS Code assigned to the product. This code determines the applicable customs duties and trade policies. In the case of HS Code 46012240, the bound or Most Favored Nation (MFN) duty rate is 3.3%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 46012240 is "no units collected (X)," indicating that the data on the quantity of imports or exports for this specific HS Code was not collected.
Certain countries have special tariff preference programs that offer duty-free treatment for goods classified under HS Code 46012240. These countries include Australia (Special Rate), Bahrain (Special Rate), Canada (under NAFTA), Chile (Special Rate), European Union (EU), Israel (Special Rate), Japan (J), Jordan (Special Rate), Morocco (Special Rate), Mexico (under NAFTA), Oman (Special Rate), Peru (Special Rate), Singapore (Special Rate), and the United States (US) under the Caribbean Basin Initiative (CBI) and Dominican Republic-Central American Special Rate (DR-CAFTA).
The Generalized System of Preferences (GSP) is one of the special tariff preference programs that provide duty-free treatment for goods from eligible developing countries. While not explicitly mentioned for HS Code 46012240, it is worth noting that GSP can be a beneficial program for exporters and importers of various goods.
Importing and exporting of goods under HS Code 46012240 can occur between various US states. The specific states involved in the trade would depend on the market demand and supply dynamics for woven or partly assembled rattan materials for mats, matting, and screens.
HS Code 46012240 classifies woven or partly assembled materials of rattan that are used for mats, matting, and screens. Understanding the HS Code is essential for determining customs duties and trade policies applicable to the product. With the availability of special tariff preference programs, such as GSP and country-specific rates, importers and exporters can take advantage of duty-free treatment in certain markets.
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