When it comes to international trade, the Harmonized System (HS) code plays a crucial role in identifying and categorizing products. In this article, we will discuss the HS code 61042905, which pertains to women's or girls' ensembles made from wool or fine animal hair and knitted or crocheted.
The HS code 61042905 provides a clear description of the product, making it easier for customs officials, importers, and exporters to identify and classify the goods. This particular HS code is specific to ensembles for women and girls, ensuring that the classification is accurate and precise.
Ensembles falling under HS code 61042905 are made from high-quality materials such as wool or fine animal hair. These natural fibers not only offer comfort but also provide excellent insulation, making them suitable for colder climates. The knitting or crocheting technique adds a unique and fashionable touch to the ensembles.
Understanding the duty rates associated with a specific HS code is vital for importers and exporters. The bound or Most Favored Nation (MFN) duty rate is the rate applicable to each garment in the ensemble if separately entered. It ensures that trade barriers are lowered or markets are opened up consistently for all trading partners. This promotes fair and equitable trade practices among countries.
For HS code 61042905, the quantity unit is measured in dozens (DOZ). This unit of measurement allows for easy calculation and tracking of the ensembles during import or export processes.
Additionally, certain special tariff preference programs apply to ensembles classified under HS code 61042905. These programs offer specific benefits and exemptions to eligible countries. Some examples of these programs include:
It is important for importers and exporters to familiarize themselves with these special tariff preference programs to take advantage of the benefits and exemptions they offer.
When it comes to importing or exporting ensembles classified under HS code 61042905, it is essential to consider the specific regulations and requirements of the importing and exporting US states. These regulations may vary from state to state, and compliance is crucial to ensure smooth and legal trade operations.
HS code 61042905 pertains to women's or girls' ensembles made from wool or fine animal hair and knitted or crocheted. This HS code provides a comprehensive description of the product, allowing for accurate classification and identification. Understanding the duty rates, quantity unit, and special tariff preference programs associated with this HS code is essential for importers and exporters. Additionally, considering the regulations and requirements of the importing and exporting US states is crucial for successful trade operations.