The HS Code 61041950 refers to women's or girls' suits that are knitted or crocheted and made from wool or fine animal hair. This code is used to classify these specific types of garments for international trade purposes. Understanding the HS code is essential for importers, exporters, and customs officials to ensure accurate and consistent classification of goods.
When it comes to trade barriers and market access, the MFN (Most Favored Nation) duty rate for this product is 13.6%. The MFN principle states that when 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 non-discriminatory trade practices.
The quantity unit for this HS code is measured in numbers (NO), indicating the total number of suits being imported or exported.
There are also special tariff preference programs available for this product. These programs allow certain countries to enjoy reduced or duty-free rates when trading this specific item. The countries and their respective tariff rates for women's or girls' suits, HS Code 61041950, are as follows:
When importing women's or girls' suits with HS Code 61041950 into the United States, it is important to consider the specific requirements and regulations of the importing state. Each state may have additional guidelines or restrictions for the importation of textile products.
Similarly, when exporting these suits from the United States, it is crucial to be aware of the requirements and regulations of the destination country. Different countries may have varying import duties, customs procedures, and labeling requirements.
Overall, understanding the HS Code 61041950 and its associated duty rates and tariff preferences is essential for smooth international trade of women's or girls' suits made from wool or fine animal hair. Importers, exporters, and customs officials should stay updated with any changes in trade policies and regulations to ensure compliance and efficient trade operations.