When it comes to international trade, there are various codes and classifications that are used to categorize different products. One such code is the HS code, which stands for Harmonized System code. The HS code 61041310 represents women's or girls' suits that are knitted or crocheted, made of synthetic fibers, and containing 23 percent or more of wool or fine animal hair.
These suits are specifically designed for women and girls, and are made using a combination of synthetic fibers and natural fibers such as wool or fine animal hair. This blend of materials provides a unique combination of comfort, durability, and style, making these suits a popular choice among consumers.
When it comes to international trade, the HS code plays a crucial role in ensuring smooth and efficient trade between countries. It acts as a standardized classification system, allowing customs officials and traders to easily identify and categorize different products. This helps in determining the applicable tariffs, duties, and regulations for each product.
The bound or most-favored-nation (MFN) duty rate for HS code 61041310 is free. 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 promotes fair and equal treatment for all trading partners, regardless of their size or economic power.
The quantity unit for HS code 61041310 is number (NO), which means that the quantity of suits being imported or exported is measured in terms of the number of units.
There are also special tariff preference programs available for HS code 61041310. These programs offer different rates of duty depending on the country or region of import or export. Some countries, such as Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, and Singapore, offer duty-free treatment for imports or exports of women's or girls' suits under this HS code.
Other countries, such as Australia, offer a 5% duty rate, while Morocco offers a 0.5% duty rate for imports or exports of suits under this HS code.
It is important to note that the duty rates and special tariff preference programs can change over time, so it is always recommended to consult the latest regulations and trade agreements to ensure accurate and up-to-date information.
Importing and exporting of products under HS code 61041310 can occur between various US states and countries around the world. The specific importing and exporting US states will depend on the trading partners involved in the transaction.
HS code 61041310 represents women's or girls' suits that are knitted or crocheted, made of synthetic fibers, and containing 23 percent or more of wool or fine animal hair. This HS code plays a crucial role in international trade by providing a standardized classification system and determining applicable tariffs and duties. Understanding the HS code system is essential for traders, customs officials, and consumers to ensure smooth and efficient trade between countries.