When it comes to men's fashion, suit-type jackets and blazers are timeless pieces that add sophistication and style to any outfit. If you are interested in importing or exporting these garments, it is essential to familiarize yourself with the relevant HS code, which in this case is 61033940.
The HS code 61033940 refers specifically to men's or boys' suit-type jackets and blazers made of textile materials, excluding wool, cotton, or man-made fibers. These garments must contain 70% or more by weight of silk and can be either knitted or crocheted.
Understanding the HS code is crucial as it helps customs authorities identify and classify products for trade and statistical purposes. By using the HS code 61033940, you can ensure that your imports or exports of suit-type jackets and blazers are correctly categorized and regulated.
Now, let's dive deeper into some important information related to this HS code:
The product description for HS code 61033940 is "Men's or boys' suit-type jackets and blazers, of textile materials (except wool, cotton, or man-made fibers), containing 70% or more by weight of silk, knitted or crocheted."
The bound / MFN (Most Favored Nation) duty rate for HS code 61033940 is 0.9%. This means that every time 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. Importers or exporters of these garments should be aware of this duty rate when calculating costs and pricing their products.
The quantity unit for HS code 61033940 is dozens (DOZ). This unit of measurement indicates that the products are typically traded in multiples of 12. It is important to keep this in mind when placing orders or negotiating quantities with suppliers.
HS code 61033940 is eligible for various special tariff preference programs. These programs may provide reduced or duty-free rates for specific countries. Here are the special tariff preference programs applicable to this HS code:
Importing and exporting countries can take advantage of these special tariff preference programs to reduce costs and enhance their competitiveness in the global market.
HS code 61033940 is relevant for imports and exports to and from the United States. The specific states involved in importing or exporting these men's or boys' suit-type jackets and blazers may vary depending on trade flows and market demand. It is important for businesses to consider the specific importing and exporting states in order to optimize their distribution and supply chain strategies.
HS code 61033940 pertains to men's or boys' suit-type jackets and blazers made of textile materials, with a significant silk content. Understanding the HS code is essential for importers and exporters as it ensures proper classification and regulation of these products. Additionally, being aware of the bound / MFN duty rate, quantity unit, and special tariff preference programs can help businesses optimize their costs and take advantage of trade opportunities.