The HS Code 61044320 refers to women's or girls' dresses that are knitted or crocheted, made of synthetic fibers, and not elsewhere specified or included. This code is used for the classification and identification of these specific types of dresses in international trade.
When importing or exporting goods, it is crucial to correctly identify and classify them using the HS Code. The HS Code system, also known as the Harmonized System, is a standardized international system for classifying products. It helps streamline trade processes, facilitate customs duties, and gather statistical data.
The product description for HS Code 61044320 specifies that it applies to dresses made of synthetic fibers. Synthetic fibers are human-made fibers that are produced through chemical processes. They are commonly used in the textile industry due to their durability, versatility, and affordability.
The quantity unit for this HS Code is dozens (DOZ), which means that the dresses are typically measured and traded in multiples of twelve.
One important aspect to consider when trading goods is the bound or Most Favored Nation (MFN) duty rate. The MFN duty rate for HS Code 61044320 is 16%. The MFN principle states 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 ensures equal treatment for all trading partners and promotes fair trade practices.
Additionally, there are special tariff preference programs in place for HS Code 61044320. These programs offer preferential duty rates or duty-free treatment for specific countries. The following countries and regions have special tariff rates for this HS Code:
These special tariff rates or duty-free treatments aim to promote trade and economic cooperation between countries.
It is important for importers and exporters to be aware of the special tariff rates and preferential programs available for their specific HS Codes. Utilizing these programs can significantly reduce import or export costs and increase competitiveness in the international market.
When importing HS Code 61044320 into the United States, it is necessary to consider the specific regulations and requirements of the importing states. Similarly, when exporting from the United States, it is essential to be familiar with the regulations and requirements of the destination states or countries.
By accurately classifying and understanding the HS Code 61044320 and its related data, businesses can ensure smooth and compliant international trade operations. It is crucial to stay updated with any changes in trade regulations and tariff rates to make informed decisions and maximize trade opportunities.