When it comes to international trade, it is important to have a standardized system that classifies products for customs and statistical purposes. The Harmonized System (HS) Code is a globally recognized classification system that is used by countries all over the world. Each product is assigned a unique HS Code based on its characteristics, composition, and purpose.
One such HS Code is 61033910, which pertains to men's or boys' suit-type jackets and blazers that are knitted or crocheted, and made of artificial fibers. This code specifically applies to jackets and blazers that are designed to resemble suits, providing a formal and elegant appearance.
It is important to note that the HS Code provides a detailed description of the product, allowing customs authorities to accurately identify and classify goods during import and export processes. In the case of HS Code 61033910, it specifies that the jackets and blazers are made of artificial fibers, indicating that they are not made from natural materials such as cotton or wool.
The Bound/Most-Favored-Nation (MFN) duty rate for HS Code 61033910 is 14.9%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate is applicable to all countries unless they have a specific trade agreement or preferential tariff program in place.
The quantity unit for HS Code 61033910 is dozens (DOZ). This means that the product is typically measured and traded in multiples of twelve. This unit of measurement is commonly used for garments and allows for easier tracking and estimation of quantities during international trade.
There are also several special tariff preference programs associated with HS Code 61033910. These programs provide reduced or zero-duty rates for imports of this product from certain countries. Some of the special tariff rates for HS Code 61033910 include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing favorable conditions for specific products. Importers and exporters should take advantage of these programs to reduce costs and enhance competitiveness in the international market.
For importers in the United States, HS Code 61033910 can be imported from various exporting US states. The specific exporting states may vary depending on factors such as production capabilities, trade agreements, and market demand. Similarly, exporters in the United States can ship HS Code 61033910 to different importing US states, expanding their market reach and maximizing trade opportunities.
HS Code 61033910 represents men's or boys' suit-type jackets and blazers that are knitted or crocheted and made of artificial fibers. This HS Code provides a standardized classification for customs and statistical purposes, facilitating international trade. Importers and exporters should be aware of the Bound/MFN duty rate, quantity unit, and special tariff preference programs associated with this HS Code to optimize their trading activities.