Harmonized System Codes • Schedule B • Harmonized Commodity Description

The HS Code 61031040: Men's or Boys' Suits of Artificial Fibers with Wool or Fine Animal Hair

The HS Code 61031040 refers to men's or boys' suits that are knitted or crocheted, made of artificial fibers, and contain 23 percent or more of wool or fine animal hair. This code is used internationally to classify and identify specific products for import and export purposes.

Understanding the HS Code is essential for international trade as it allows countries to regulate and monitor the flow of goods across borders. By using a standardized code, it becomes easier for customs officials, traders, and statisticians to track trade volumes, apply duties and taxes, and gather accurate trade data.

When it comes to the HS Code 61031040, there are several important factors to consider:

• Bound / MFN Duty Rate: The bound duty rate for this HS code is free, meaning that there are no tariffs or duties imposed on imports or exports of men's or boys' suits of artificial fibers with wool or fine animal hair. This encourages trade and facilitates the flow of these products between countries.
• Quantity Unit: The quantity unit for this HS code is number (NO), which indicates that the units of measurement for these suits are counted individually.
• Special Tariff Preference Programs: This HS code may also be eligible for certain special tariff preference programs that countries may have in place. These programs aim to promote trade and economic development by providing preferential treatment, such as reduced duties or exemptions, for specific goods. It is important for traders to be aware of such programs and take advantage of them if applicable.
• Importing US States: The importing US states for men's or boys' suits of artificial fibers with wool or fine animal hair may vary. However, some of the major importers of these products in the US include California, New York, Texas, Florida, and Illinois.
• Exporting US States: On the other hand, the exporting US states for men's or boys' suits of artificial fibers with wool or fine animal hair may also vary. Some of the leading exporters of these products from the US include New York, California, Texas, Florida, and Georgia.

It is worth noting that the HS Code 61031040 specifically covers men's or boys' suits made of artificial fibers with a significant percentage of wool or fine animal hair. This distinction is important as it helps differentiate these suits from those made purely of artificial fibers or other materials.

Traders and businesses involved in the import or export of men's or boys' suits falling under HS Code 61031040 should ensure compliance with the relevant regulations, documentation, and quality standards. Understanding the HS Code and its associated details is crucial for smooth and efficient international trade operations.

the HS Code 61031040 is an important classification for men's or boys' suits made of artificial fibers with a substantial amount of wool or fine animal hair. It provides valuable information about the product, its duty rate, quantity unit, special tariff preference programs, and the importing/exporting US states. Traders and businesses should familiarize themselves with this code to facilitate trade and comply with applicable regulations.