When it comes to international trade, it is essential to have a standardized system of product classification. This is where the Harmonized System (HS) code comes into play. HS Code 61046310 refers to women's or girls' bib and brace overalls, which are knitted or crocheted and made of synthetic fibers. Let's delve deeper into this HS code and explore its implications in international trade.
First, let's break down the product description. Women's or girls' bib and brace overalls are a type of clothing that typically consists of pants with an attached bib or brace that covers the chest and shoulders. These overalls are specifically knitted or crocheted, and they are made from synthetic fibers. This means that the fabric used in their production is man-made, such as polyester or nylon.
Now, let's discuss the duty rates associated with HS Code 61046310. The bound or Most Favored Nation (MFN) duty rate for this product is 14.9%. The MFN duty rate is the rate applied to imports from all trading partners, ensuring equal treatment for all countries. So, regardless of the country of origin, women's or girls' bib and brace overalls made of synthetic fibers will be subject to a 14.9% duty when imported into a country.
It's worth noting that special tariff preference programs exist for this HS code. Some countries provide preferential treatment or exemptions for certain trading partners. For example, the following countries have duty-free treatment for this product: Bahrain (BH), Canada (CA) under the NAFTA agreement, Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under the NAFTA agreement, Oman (OM), Panama (P), Peru (PE), and Singapore (SG). On the other hand, Australia (AU) applies an 8% special rate for women's or girls' bib and brace overalls of synthetic fibers. Additionally, Morocco (MA) has a special rate, but the details are not specified.
Now, let's look at the quantity unit used for this HS code. Women's or girls' bib and brace overalls are typically measured and traded in dozens (DOZ). A dozen refers to a group of twelve units of the product. This unit of measurement is commonly used in the textile and clothing industry.
When it comes to importing and exporting this product, it is crucial to consider the regulations and preferences of specific US states. Different states may have their own rules and requirements for imports and exports. Similarly, the exporting US states may have their own regulations and restrictions. Therefore, it is essential to stay informed and comply with the regulations of both the importing and exporting states.
HS Code 61046310 refers to women's or girls' bib and brace overalls, knitted or crocheted, made of synthetic fibers. This HS code is used for the standardized classification of this product in international trade. Understanding the duty rates, quantity unit, and special tariff preference programs associated with this HS code is vital for businesses engaged in the import and export of women's or girls' bib and brace overalls. Stay informed and comply with the regulations of both importing and exporting countries to ensure smooth and successful international trade.