When it comes to international trade, it is important to have a standardized system to classify various goods. The Harmonized System (HS) Code is a globally recognized code that is used to classify and identify products for customs and trade purposes. In this article, we will delve into the details of HS Code 61044420, which pertains to women's or girls' dresses made of knitted or crocheted artificial fibers, not elsewhere specified or included.
HS Code 61044420 provides a specific classification for dresses that are made for women or girls and are knitted or crocheted. This code ensures that these products can be easily identified and categorized for import and export purposes.
One important aspect of HS Code 61044420 is the bound or Most Favored Nation (MFN) duty rate. The bound duty rate for this HS code is 14.9%. The MFN duty rate represents the rate that applies to a product when a country lowers a trade barrier or opens up a market. It is important to note that this duty rate applies uniformly to all trading partners of a country.
The quantity unit for products classified under HS Code 61044420 is dozens (DOZ). This unit of measurement helps in standardizing the quantity of dresses being imported or exported, making it easier for customs authorities and traders to keep track of the volume of trade.
There are also special tariff preference programs associated with HS Code 61044420. These programs offer preferential treatment in terms of duty rates for specific countries. For example:
These special tariff preference programs aim to promote trade and strengthen economic ties between countries by providing lower duty rates for specific products.
HS Code 61044420 is relevant for both importing and exporting countries. Importing countries need to be aware of this code to ensure proper classification and accurate assessment of duties. Exporting countries, on the other hand, need to know this code to correctly label their products and comply with international trade regulations.
HS Code 61044420 plays a crucial role in the classification and identification of women's or girls' dresses made of knitted or crocheted artificial fibers. It helps facilitate international trade by providing a standardized code for these products. Understanding the details of this HS code, including the bound duty rate and special tariff preference programs, is essential for both importers and exporters in order to ensure smooth and compliant cross-border trade.