When it comes to international trade, it is essential to have a standardized system in place to classify and identify various goods. One such system is the Harmonized System (HS) code, which is used by countries worldwide to classify products for customs and statistical purposes. In this article, we will delve into HS Code 61042300, which specifically pertains to women's or girls' ensembles made of knitted or crocheted synthetic fibers.
HS Code 61042300 is a specific code that helps identify and categorize ensembles for women and girls that are made of synthetic fibers and are knitted or crocheted. This code ensures that these products can be easily identified and tracked during import and export processes.
The "Product description" section of the HS code provides a clear and concise description of the product in question. In this case, it refers to ensembles for women and girls made of synthetic fibers. These ensembles can include various types of clothing, such as dresses, skirts, tops, and bottoms, as long as they meet the specified criteria.
The "Bound / MFN duty rate" section indicates the rate of duty that is applicable to each garment in the ensemble if they are separately entered. This rate is important for traders and importers as it determines the cost associated with importing these products. It is worth noting that duty rates can vary depending on the country and trade agreements in place.
The "Quantity unit" section specifies the unit of measurement used for this particular HS code. In the case of HS Code 61042300, the quantity unit is dozens (DOZ). This means that ensembles are typically measured and traded in multiples of 12.
Furthermore, the "Special tariff preference programs" section provides information on any special tariff rates or exemptions that may apply to the ensembles under this HS code. In this case, ensembles under HS Code 61042300 are eligible for free trade benefits in several countries, including Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Peru, and Singapore. These countries have specific trade agreements or preferential programs in place that allow for duty-free treatment of these ensembles.
It is important to note that some countries have additional special rates or preferences for ensembles under this HS code. For example, Australia, Morocco, and Oman have their own special rates applicable if the ensembles are separately entered into these markets.
When it comes to importing these ensembles into the United States, it is crucial to consider the regulations and requirements of both the importing and exporting states. Different states within the US may have their own specific regulations or restrictions when it comes to the importation of textiles or clothing products. Therefore, it is essential to thoroughly research and comply with the specific regulations of both the importing and exporting states.
HS Code 61042300 is a specific code used to classify and identify women's or girls' ensembles made of knitted or crocheted synthetic fibers. This code helps facilitate international trade by providing a standardized system for categorizing and tracking these products. Importers and traders should be aware of the duty rates, quantity unit, and any special tariff preference programs associated with this HS code to ensure compliance and optimize their trade operations.