The HS Code 61013015 refers to a specific product category in international trade. In this article, we will explore the details of this HS code and provide comprehensive information about the product it represents.
The product described by HS Code 61013015 is a men's or boy's overcoat made from knitted or crocheted fabric. It is specifically made from manmade fibers and must contain 23% or more wool or fine animal hair. The term "nesoi" stands for "not elsewhere specified or included," indicating that this code covers overcoats that do not fit into any other specific category.
When importing or exporting this product, it is important to ensure that it meets the specific criteria outlined in the HS code description. This includes the composition of the fabric, the target gender, and the manufacturing method.
The bound or most-favored-nation (MFN) duty rate for HS Code 61013015 is 38.6 cents per kilogram. Additionally, a 10% duty is applied every time a country lowers a trade barrier or opens up a market. This principle ensures that any trade benefits or concessions offered to one trading partner are extended to all others.
It is essential for importers and exporters to be aware of the duty rates associated with this HS code to accurately calculate the cost of trade and determine the competitiveness of the product in various markets.
The quantity unit specified for HS Code 61013015 is dozens (DOZ). This means that the product is typically measured and traded in multiples of 12 units. Importers and exporters should ensure that their transactions align with this quantity unit to avoid any discrepancies or misunderstandings.
Several countries offer special tariff preference programs for the import or export of products falling under HS Code 61013015. These programs may provide reduced or duty-free treatment, making trade more favorable for certain trading partners. Here are some examples:
Importers and exporters should take advantage of these special tariff preference programs when trading with the respective countries mentioned above to minimize costs and enhance competitiveness.
While the HS code provides a standardized classification for products, it is important to note that the specific regulations and requirements may vary across different countries and regions. In the case of the United States, individual states may have their own import and export regulations that need to be adhered to.
Similarly, the exporting US states play a crucial role in determining the availability and competitiveness of products falling under HS Code 61013015. Different states may have unique export policies, incentives, and infrastructure that can impact trade flows and market access.
HS Code 61013015 represents a specific category of men's or boy's overcoats made from knitted or crocheted fabric. Importers and exporters should familiarize themselves with the product description, duty rates, quantity unit, and any special tariff preference programs applicable to this HS code. By understanding and following the regulations associated with this HS code, businesses can navigate international trade more effectively and capitalize on opportunities for growth.