When it comes to international trade, it is crucial to have a standardized system in place to classify products. This is where the Harmonized System (HS) code comes into play. HS codes are used worldwide to categorize different types of goods for customs purposes, ensuring consistency and clarity in trade.
One such HS code is 61045320, which pertains to women's or girls' skirts and divided skirts, knitted or crocheted, made of synthetic fibers not elsewhere specified or included (nesoi). Let's delve deeper into the details of this specific code and explore its implications in international trade.
The HS code 61045320 specifically refers to skirts and divided skirts designed for women or girls. These garments are made using knitting or crocheting techniques and are composed of synthetic fibers. The "nesoi" classification indicates that these skirts are not elsewhere specified or included in other HS codes.
The bound / most-favored-nation (MFN) duty rate for HS code 61045320 is 16%. This means that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. The 16% duty rate is applicable to imports of women's or girls' skirts and divided skirts falling under this HS code.
The quantity unit for HS code 61045320 is dozens (DOZ). This means that the measurement and trading of these skirts are typically done in multiples of 12. Importers and exporters need to keep this unit in mind when dealing with the trade of women's or girls' skirts falling under this HS code.
Several special tariff preference programs exist for imports of women's or girls' skirts and divided skirts classified under HS code 61045320. These programs offer preferential duty rates or duty-free treatment to specific countries. Here are some of the notable programs and the corresponding duty rates:
Importers and exporters should take advantage of these special tariff preference programs to minimize their duty expenses when trading women's or girls' skirts falling under this HS code.
HS code 61045320 applies to imports and exports involving the United States. Importing US states are those regions within the United States that receive shipments of women's or girls' skirts falling under this HS code. On the other hand, exporting US states are those regions within the United States that send out shipments of these skirts to other countries.
It is important for importers and exporters to be aware of these states, as they may have specific regulations, requirements, or logistical considerations when dealing with the trade of women's or girls' skirts classified under HS code 61045320.
HS code 61045320 plays a vital role in international trade by providing a standardized classification for women's or girls' skirts and divided skirts made of synthetic fibers. Importers and exporters should familiarize themselves with the product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states associated with this HS code to ensure smooth and compliant trade transactions.