When it comes to international trade, the use of HS codes is crucial in identifying and categorizing various products. One such HS code is 46021216, which pertains to baskets and bags made of rattan, excluding wickerwork. In this article, we will delve deeper into the description, duty rates, quantity units, special tariff preference programs, and the importing and exporting US states associated with this particular HS code.
The HS code 46021216 specifically refers to baskets and bags that are made from rattan, but not wickerwork. Rattan is a type of climbing palm that is widely used in the production of various household items, furniture, and handicrafts. Baskets and bags made from rattan are known for their durability, natural beauty, and eco-friendly properties.
These baskets and bags come in different shapes, sizes, and designs, catering to various needs and preferences. They are often used for storage, decoration, and even transportation. Rattan baskets and bags can be found in homes, offices, hotels, and other commercial establishments.
For products falling under the HS code 46021216, the bound or most-favored-nation (MFN) duty rate is set at 5%. The MFN duty rate is applicable every time a country reduces a trade barrier or opens up its market. It ensures that the same goods or services from all trading partners receive equal treatment.
It is important for businesses and traders to be aware of the duty rates associated with the HS code 46021216 when importing or exporting rattan baskets and bags. Understanding the duty rates helps in accurate cost estimation and compliance with customs regulations.
The quantity unit for HS code 46021216 is measured in numbers (NO). This means that the quantity of rattan baskets and bags being imported or exported is determined by the number of individual pieces.
Traders and businesses should ensure that the quantity unit is accurately specified in their import or export documentation to avoid any discrepancies or delays during customs clearance.
The HS code 46021216 is eligible for various special tariff preference programs, which provide certain countries with preferential treatment in terms of duty rates. These programs aim to promote trade and economic cooperation between participating countries. The following countries have special tariff preference programs for rattan baskets and bags:
Traders and businesses involved in the import or export of rattan baskets and bags under HS code 46021216 should take advantage of these special tariff preference programs to benefit from reduced or duty-free rates.
While the HS code 46021216 applies to international trade, it is also relevant to understand the specific US states involved in the import and export of rattan baskets and bags.
The importing US states for HS code 46021216 include:
The exporting US states for HS code 46021216 include:
These states play a significant role in the trade of rattan baskets and bags, serving as the points of entry and exit for these products within the United States.
HS code 46021216 covers baskets and bags made of rattan, excluding wickerwork. Traders and businesses involved in the import or export of these products should be familiar with the product description, duty rates, quantity units, special tariff preference programs, and the specific US states associated with this HS code. By understanding these details, businesses can effectively navigate the international trade landscape and optimize their operations.