When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) provides a universally recognized code for each product, making it easier for countries to track and regulate trade. One such HS code is 61013020, which pertains to men's or boy's overcoats, carcoats, capes, cloaks, windbreakers, and similar articles, knitted or crocheted, of man-made fibers, not elsewhere specified or included.
Understanding the HS code 61013020 is crucial for importers, exporters, and customs officials as it helps streamline the trade process and ensures compliance with trade regulations. Let's delve into the details of this HS code and explore its implications.
The HS code 61013020 specifically covers overcoats, carcoats, capes, cloaks, windbreakers, and similar articles for men or boys. These items are made from man-made fibers and can be knitted or crocheted. The code is used to classify these products in international trade transactions, facilitating accurate documentation and smooth customs clearance.
The bound or Most Favored Nation (MFN) duty rate for HS code 61013020 is 28.2%. This means that whenever 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. The duty rate ensures fair and equal treatment for all parties involved in international trade.
The quantity unit for HS code 61013020 is dozens (DOZ). This unit of measurement indicates that the products under this code are typically traded in multiples of twelve. It helps in accurately quantifying the goods during import or export transactions.
Several special tariff preference programs are available for goods classified under HS code 61013020. These programs offer reduced or zero-duty rates, depending on the trading partners and agreements in place. Here are the special tariff preference programs applicable to this HS code:
These special tariff preference programs encourage trade between specific countries by offering preferential treatment for the import or export of goods under HS code 61013020. Importers and exporters should take advantage of these programs to optimize their trade operations.
HS code 61013020 is relevant to both importing and exporting activities in the United States. Importing states refer to the states within the US that receive goods classified under this HS code from other countries. Exporting states, on the other hand, are the states within the US that ship goods classified under this HS code to other countries.
It is essential for businesses involved in international trade to be aware of the specific importing and exporting states for HS code 61013020. This information helps in logistics planning, understanding market demand, and complying with regional trade regulations within the US.
HS code 61013020 plays a vital role in international trade, specifically for men's or boy's overcoats, carcoats, capes, cloaks, windbreakers, and similar articles made from man-made fibers. Understanding the product description, bound duty rate, quantity unit, special tariff preference programs, and relevant importing/exporting states is crucial for businesses and customs officials. Adhering to the regulations associated with this HS code ensures smooth trade operations and compliance with trade agreements.