HS Code 61031010 refers to men's or boys' suits that are knitted or crocheted, and made of wool or fine animal hair. This code is used in international trade to classify and identify these specific types of products for customs purposes.
When importing or exporting goods, it is essential to correctly determine the HS code to ensure compliance with customs regulations and to calculate the applicable duties and taxes. The HS code helps customs authorities and traders to classify products uniformly and internationally.
The product description of HS Code 61031010 specifies that it applies to suits for men or boys. These suits are made from either wool or fine animal hair, and they are knitted or crocheted. This description helps to differentiate these suits from other types of garments that may fall under different HS codes.
According to the provided data, the bound or most-favored-nation (MFN) duty rate for products falling under HS Code 61031010 is 38.8 cents per kilogram. In addition to this fixed duty rate, a 10% duty is applied whenever a country lowers a trade barrier or opens up a market. This ensures that all trading partners receive the same treatment for the same goods or services.
It is important to note that the quantity unit for this HS code is "number" (NO), indicating that the measurement unit used for these suits is the number of individual pieces rather than weight or volume.
There are also special tariff preference programs available for products classified under HS Code 61031010. These programs provide certain countries with preferential treatment or reduced duties when trading these goods with specific partner countries. The following countries or regions have been identified for special tariff preference programs:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved, by providing incentives for imports and exports of specific goods.
When importing or exporting products under HS Code 61031010 to or from the United States, it is important to consider the specific regulations and requirements of the involved states. Different states may have additional regulations or restrictions that need to be adhered to when trading these goods.
Similarly, when exporting from the United States to other countries, it is crucial to understand the regulations and requirements of the destination country. Compliance with customs regulations and documentation is essential to ensure a smooth and efficient trade process.
HS Code 61031010 represents men's or boys' suits that are knitted or crocheted, and made of wool or fine animal hair. This code helps to classify and identify these specific products for customs purposes. The provided data highlights the duty rates, quantity unit, and special tariff preference programs associated with this HS code. Understanding and complying with these regulations is crucial for businesses involved in the import and export of these suits.