Buttons are an essential component of various clothing items and accessories. They not only serve a functional purpose but also add a decorative touch to garments. The HS Code 96062920 specifically refers to buttons made of acrylic resin or polyester resin, or a combination of both, which are covered with textile material.
Acrylic resin and polyester resin are commonly used in the production of buttons due to their durability and versatility. These materials provide a sturdy base for the buttons, ensuring that they can withstand regular use and maintain their shape over time. The addition of textile material enhances their appearance, making them more visually appealing.
The HS Code serves as a standardized system for classifying and identifying products in international trade. It plays a crucial role in facilitating customs procedures and determining import duties and tariffs. By using the HS Code 96062920, importers and exporters can accurately identify and classify buttons covered with textile material.
Importing buttons covered with textile material is subject to specific duty rates. The bound or most-favored-nation (MFN) duty rate for this HS Code is 0.3 cents per line or gross plus 4.5%. The duty rate is calculated based on the quantity of buttons imported and is subject to change when a country lowers a trade barrier or opens up a market. In such cases, the same goods or services must receive the same treatment from all trading partners.
The quantity unit for this HS Code is gross (GRS), which refers to a unit of measurement for buttons. Gross is commonly used to measure the number of buttons in a package or shipment.
In addition to the duty rates, certain countries may offer special tariff preference programs for buttons covered with textile material. Under these programs, importers may enjoy duty-free treatment or reduced tariffs. Some of the special tariff preference programs applicable to HS Code 96062920 include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating tariffs on specific goods.
When importing buttons covered with textile material into the United States, it is essential to consider the specific requirements and regulations of both the importing and exporting states. Different states may have varying rules and procedures for the importation of goods, including buttons. Compliance with these regulations ensures a smooth and legal import process.
HS Code 96062920 pertains to buttons made of acrylic resin or polyester resin, or both, covered with textile material. Importers and exporters can use this HS Code to accurately classify and identify these buttons for international trade purposes. The duty rates, special tariff preference programs, and compliance with state-specific regulations are crucial considerations when importing or exporting buttons covered with textile material.