The HS Code 61032200 refers to men's or boys' ensembles that are knitted or crocheted and made of cotton. This code is used to classify and identify these specific products in international trade. Understanding the HS Code system is essential for importers, exporters, and customs authorities as it provides a standardized way to categorize goods for customs purposes.
When importing or exporting products, it is crucial to be aware of the HS Code assigned to the goods as it determines the applicable duty rates and any special tariff preference programs that may be available. The HS Code 61032200 indicates that the product description is specific to men's or boys' ensembles made of cotton that have been knitted or crocheted.
The bound duty rate is the maximum rate that a country can charge as customs duty on a specific product. The Most Favored Nation (MFN) duty rate is the rate that applies to each garment in the ensemble if separately entered. It is important to note that when 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 quantity unit for HS Code 61032200 is dozens (DOZ). This means that the measurement and pricing of the ensembles are based on dozens, with each dozen consisting of 12 individual garments.
There are several special tariff preference programs associated with HS Code 61032200. These programs provide specific rates or duty-free treatment for certain countries. The applicable programs for this HS Code are as follows:
In addition, there are special rates applicable to each garment in the ensemble if separately entered for Australia, Morocco, and Oman.
HS Code 61032200 is relevant for both importing and exporting products to and from the United States. The code helps customs authorities and traders accurately identify and classify the ensembles made of cotton that are being imported or exported. It is essential for importers and exporters to comply with the regulations and requirements associated with this HS Code to ensure smooth trade operations.
Understanding the HS Code 61032200 and its associated details is essential for individuals and businesses involved in the import and export of men's or boys' ensembles made of cotton. By adhering to the correct HS Code classification, importers and exporters can ensure compliance with customs regulations and take advantage of any special tariff preference programs that may be available.