The HS Code 61059010 refers to a specific product category: men's or boys' shirts that are knitted or crocheted and made of wool or fine animal hair. This code is used for international trade purposes to classify and categorize goods for customs and tariff purposes.
When importing or exporting these shirts, it is important to understand the details and regulations associated with this HS code. This article will provide comprehensive information about the product, duty rates, quantity unit, and special tariff preference programs.
The product described by the HS Code 61059010 is men's or boys' shirts made of wool or fine animal hair. These shirts are knitted or crocheted, indicating the method of construction. They are typically designed for men or boys and are made of high-quality materials like wool or fine animal hair.
The bound / most favored nation (MFN) duty rate for HS Code 61059010 is 14.9%. The bound duty rate is the maximum rate that a country can impose on imports of a specific product. It ensures that every time 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.
This duty rate of 14.9% applies to all countries unless they have specific tariff preference programs or free trade agreements in place.
The quantity unit for HS Code 61059010 is dozens (DOZ). This means that the measurement and trade of these shirts are typically done in terms of dozens. When importing or exporting, the quantity will be measured and recorded in dozens rather than individual pieces.
There are several special tariff preference programs associated with HS Code 61059010. These programs offer reduced or eliminated duty rates for specific countries. The following is a list of countries and their respective special rates:
These special tariff preference programs are designed to promote trade and economic cooperation between countries. Importers/exporters from these countries can benefit from reduced or eliminated duty rates, making the trade of these shirts more competitive and cost-effective.
When it comes to importing, the HS Code 61059010 is relevant for all US states, including Arkansas. This means that any state in the US can import men's or boys' shirts of wool or fine animal hair, knitted or crocheted, using this HS code.
Exporting US states, on the other hand, are not specified in the provided data. However, it is important to note that the HS code can be used for exporting these shirts from any US state to other countries.
Overall, understanding the details and regulations associated with HS Code 61059010 is vital for importers and exporters of men's or boys' shirts made of wool or fine animal hair. By knowing the product description, duty rates, quantity unit, and special tariff preference programs, businesses can navigate international trade more effectively and take advantage of any available benefits or agreements.