When it comes to international trade, the Harmonized System (HS) codes play a crucial role in categorizing and classifying different products. One such HS code is 56012100, which is assigned to wadding of cotton and other articles of cotton wadding nesoi. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The HS code 56012100 refers to wadding made of cotton and other articles of cotton wadding nesoi. Wadding is a material that is used for various purposes, including insulation, padding, and filling. It is commonly used in the manufacturing of quilts, mattresses, pillows, and other similar products. The code specifically covers cotton wadding that falls under the category of "nesoi," which stands for "not elsewhere specified or included."
The bound or most-favored-nation (MFN) duty rate for HS code 56012100 is 3.6%. The MFN duty rate is the rate applied to imports from all trading partners when a country lowers a trade barrier or opens up a market. This means that regardless of the country of origin, the same duty rate will be applied to products falling under this HS code.
The quantity unit for HS code 56012100 is kilograms (KG). This means that the weight of the wadding, when imported or exported, is measured in kilograms. The quantity unit is an essential aspect for determining the cost and logistics of international trade.
There are several special tariff preference programs associated with HS code 56012100. These programs offer specific tariff rates or duty-free treatment for imports and exports of wadding of cotton and other articles of cotton wadding nesoi. Here are some of the special tariff preference programs applicable:
These special tariff preference programs aim to promote trade and provide economic incentives for the countries involved. They facilitate the movement of wadding between countries by reducing or eliminating import duties.
HS code 56012100 is relevant for both importing and exporting states in the United States. The code applies to the importation of wadding into the US from various countries as well as the exportation of wadding from the US to other nations. Importing states in the US include states such as California, New York, Texas, and Florida, while exporting states encompass the same regions.
HS code 56012100 represents wadding of cotton and other articles of cotton wadding nesoi. It is categorized under specific duty rates, quantity units, and special tariff preference programs. Understanding the HS code system and its associated details is essential for international trade, ensuring smooth and compliant transactions for businesses worldwide.