When it comes to international trade, it is essential to have a standardized system for classifying goods. This is where the Harmonized System (HS) codes come into play. HS Code 61032920 specifically refers to men's or boys' ensembles that are knitted or crocheted and made of textile materials not elsewhere specified or included.
These ensembles are categorized under the HS code 61032920 and are subject to certain regulations and duties when imported or exported. Let's take a closer look at the details related to this HS code.
Men's or boys' ensembles, knitted or crocheted, of textile materials nesoi. This means that the ensembles are made for males and are composed of knitted or crocheted fabrics. The textile materials used in these ensembles are not specifically mentioned or included in any other category.
The bound or Most Favored Nation (MFN) duty rate is the rate applicable to each garment in the ensemble if separately entered. This rate is determined by each country and is applicable to all trading partners. 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 61032920 is dozens (DOZ). This means that the ensembles are typically measured and traded in multiples of dozens.
There are various special tariff preference programs associated with HS Code 61032920. These programs offer certain countries or products preferential treatment in terms of duty rates. Here are some of the special tariff preference programs applicable to this HS code:
These special rates may vary depending on the country of origin or destination and the specific trade agreements in place.
HS Code 61032920 applies to imports and exports involving the United States. When importing these ensembles into the US, the relevant regulations and duties associated with this HS code must be followed. Similarly, when exporting these ensembles from the US to other countries, the exporting US states must comply with the applicable rules and regulations.
Understanding HS Code 61032920 is crucial for businesses involved in the international trade of men's or boys' ensembles made of knitted or crocheted textile materials. By knowing the specific details and regulations associated with this HS code, importers and exporters can navigate the global market more effectively and ensure compliance with relevant trade policies.