HS Code 46021923: Articles of Palm Leaf Carried in the Pocket or Handbag

When it comes to trade and international commerce, HS codes play a crucial role in categorizing products for import and export purposes. HS Code 46021923 specifically refers to articles made of palm leaf that are typically carried in the pocket or handbag. In this article, we will delve into the details of this HS code and explore its implications for trade and tariff preferences.

Product Description

HS Code 46021923 encompasses articles made of palm leaf that are designed to be conveniently carried in pockets or handbags. These articles could include items like wallets, cardholders, small bags, or other similar accessories made from palm leaf materials. Palm leaf is a natural and sustainable material known for its durability and eco-friendly properties.

Bound / MFN Duty Rate

The bound or Most Favored Nation (MFN) duty rate for HS Code 46021923 is set at 9%. The MFN principle ensures that every time 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. This ensures fair and non-discriminatory trade practices.

Quantity Unit

The quantity unit for HS Code 46021923 is measured in numbers (NO). This means that the quantity of products imported or exported under this HS code is measured individually, based on the number of articles made of palm leaf.

Special Tariff Preference Programs

Several special tariff preference programs provide favorable treatment for products classified under HS Code 46021923. These programs include:

Generalized System of Preferences (GSP): Provides duty-free treatment for eligible countries, including Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, Dominican Republic-Central America (DR-CAFTA), Peru, and Singapore.
Australia Special Rate: Grants special tariff rates for imports from Australia.
Bahrain Special Rate: Offers special tariff rates for imports from Bahrain.
NAFTA for Canada: Provides duty-free treatment for imports from Canada under the North American Free Trade Agreement.
Chile Special Rate: Grants special tariff rates for imports from Chile.
Caribbean Basin Initiative (CBI): Provides preferential treatment for imports from eligible Caribbean countries.
Israel Special Rate: Offers duty-free treatment for imports from Israel.
Andean Trade Preference Act (ATPA): Provides preferential treatment for imports from eligible Andean countries.
Jordan Special Rate: Grants special tariff rates for imports from Jordan.
Morocco Special Rate: Offers special tariff rates for imports from Morocco.
NAFTA for Mexico: Provides duty-free treatment for imports from Mexico under the North American Free Trade Agreement.
Oman Special Rate: Grants special tariff rates for imports from Oman.
Dominican Republic-Central American Special Rate (DR-CAFTA): Offers preferential treatment for imports from eligible countries in the Dominican Republic and Central America.
Peru Special Rate: Grants special tariff rates for imports from Peru.
Singapore Special Rate: Offers special tariff rates for imports from Singapore.

Importing US States

HS Code 46021923 is imported into the following US states:

Maine
Connecticut
Florida
Idaho
Maine
Wisconsin

Exporting US States

HS Code 46021923 is exported from the following US states:

Hawaii
Maryland
Maine
Alabama
Arkansas
Florida
Georgia
Mississippi
North Carolina
South Carolina
Virginia
Georgia
Minnesota
Maine

HS Code 46021923 plays a significant role in facilitating international trade of articles made of palm leaf. Understanding the details and implications of this HS code can help businesses and traders navigate the import and export process more effectively, taking advantage of special tariff preference programs and ensuring compliance with relevant regulations.