When it comes to international trade, the Harmonized System (HS) code is a crucial identifier that helps classify and define various products. In this article, we will delve into the details of HS Code 60062290, which corresponds to dyed knitted or crocheted fabrics of cotton, not elsewhere specified or included (NESOI).
HS Code 60062290 specifically covers fabrics made of cotton that have undergone a dyeing process and have been either knitted or crocheted. These fabrics are classified separately as they may have different characteristics or applications compared to other cotton fabrics.
The duty rate associated with HS Code 60062290 is 10%. This means that when a country lowers a trade barrier or opens up a market, it must apply the same 10% duty rate for the import of dyed knitted or crocheted fabrics of cotton from all its trading partners. This ensures fairness and equal treatment in international trade.
The quantity unit for this HS code is kilograms (KG). This unit is used to measure the weight of the imported or exported fabrics. It provides a standardized measurement that allows for accurate calculations and comparisons.
There are also special tariff preference programs that apply to HS Code 60062290. These programs offer reduced or duty-free rates for importing this specific product from certain countries. The following are the special tariff preference programs and the corresponding rates:
These special tariff preference programs aim to promote trade and strengthen economic relations between countries. By offering reduced or duty-free rates, they incentivize the importation of dyed knitted or crocheted fabrics of cotton from specific trading partners.
It is important to note that the specific rates and programs mentioned above are subject to change. It is always advisable to consult the latest regulations and trade agreements to ensure accurate information and compliance with customs requirements.
HS Code 60062290 is significant for both importing and exporting US states. The import states benefit from the availability of dyed knitted or crocheted fabrics of cotton, NESOI, which can be used in various industries such as fashion, home textiles, and manufacturing. On the other hand, the exporting states can take advantage of the demand for these fabrics in international markets and boost their economy through trade.
HS Code 60062290 encompasses dyed knitted or crocheted fabrics of cotton, not elsewhere specified or included. It is important for businesses and traders to understand the classification, duty rates, and special tariff preference programs associated with this HS code to facilitate smooth and compliant international trade.