When it comes to international trade, it is essential to have a standardized system to classify products for customs purposes. This is where HS Codes come into play. HS Code 61069015 refers to a specific category of products: women's or girls' blouses and shirts made of textile materials, excluding wool, cotton, or man-made fibers (MMF). These garments must contain 70% or more weight of silk and can be either knitted or crocheted.
Understanding the HS Code system is crucial for importers, exporters, and customs authorities as it facilitates the smooth flow of goods across borders. Each HS Code corresponds to a particular product, allowing for accurate identification and classification. In the case of HS Code 61069015, it specifically targets women's and girls' blouses and shirts made predominantly of silk.
When importing or exporting products classified under HS Code 61069015, it is essential to be aware of the associated duty rates. The bound or Most Favored Nation (MFN) duty rate for this category is 0.9%. This means 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.
The quantity unit for products falling under HS Code 61069015 is dozens (DOZ). This unit of measurement helps determine the volume of goods being traded, making it easier for customs authorities to assess and process shipments.
Furthermore, there are special tariff preference programs in place for products classified under HS Code 61069015. These programs offer reduced or duty-free rates for eligible countries. For instance, Australia, Bahrain, Canada (under NAFTA), Chile, the European Union, Israel, Japan, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and the United States (under DR-CAFTA) have duty-free treatment for these products. Morocco, on the other hand, has a special rate of 0.1%.
In terms of specific US states involved in the import of products under HS Code 61069015, Arkansas is notable. It is important for businesses and traders to be aware of the specific states involved in the import and export of goods to ensure compliance with state regulations and requirements.
Overall, HS Code 61069015 plays a significant role in classifying and facilitating the trade of women's and girls' blouses and shirts made primarily of silk. Understanding the associated duty rates, quantity units, and special tariff preference programs is essential for businesses and individuals engaged in international trade.