When it comes to women's or girls' overcoats, carcoats, etc., knitted or crocheted, of manmade fibers, containing 23% or more of wool or fine animal hair, the HS Code 61023010 is used to classify and identify these products in international trade. The HS Code is a standardized system that is used globally to classify traded goods, allowing for efficient and accurate identification of products.
The HS Code 61023010 specifically refers to overcoats, carcoats, or similar garments for women or girls. These garments are made from manmade fibers but must contain at least 23% of wool or fine animal hair. This specific classification ensures that these garments meet certain quality and material standards.
One important aspect to note is that the HS Code is not just a random number assigned to products. It holds important information about the product, including its composition, purpose, and any special requirements or rules that may apply to its import or export.
For example, the bound or most-favored-nation (MFN) duty rate for HS Code 61023010 is 64.4 cents/kg plus 18.8%. This means that when importing or exporting these garments, a specific duty rate will be applied based on the weight of the goods. Additionally, every time 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. This principle ensures fair and equal treatment among trading partners.
The quantity unit for HS Code 61023010 is dozens (DOZ). This unit of measurement is commonly used when trading garments, as it allows for easy calculation and estimation of quantities.
In terms of special tariff preference programs, several countries offer different rates for importing or exporting women's or girls' overcoats, carcoats, etc., classified under HS Code 61023010. Some countries, such as Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, and Singapore, provide duty-free treatment for these products. This means that importers or exporters from these countries can enjoy certain benefits and exemptions when trading these garments.
On the other hand, Australia offers a special rate of 8% for importing or exporting these garments. Morocco provides a rate of 6.4?/kg plus 1.8%. These special rates may be subject to specific conditions or requirements, so it is important for traders to be aware of the regulations and guidelines set by each country.
When it comes to importing or exporting HS Code 61023010 products, it is also important to consider the specific states involved in the trade. The importing and exporting US states play a crucial role in the logistics, transportation, and customs processes. These states may have their own regulations and requirements, so it is essential to comply with their guidelines to ensure a smooth and efficient trade transaction.
the HS Code 61023010 is used to classify and identify women's or girls' overcoats, carcoats, etc., knitted or crocheted, of manmade fibers, containing 23% or more of wool or fine animal hair in international trade. It provides valuable information about the product, including its composition, duty rates, quantity unit, and any special tariff preference programs. Traders should be aware of these details and comply with the regulations set by both the importing and exporting countries as well as the specific US states involved in the trade.