The Harmonized System (HS) is an international nomenclature developed by the World Customs Organization (WCO) to classify products for customs and trade purposes. Each product is assigned a unique HS code, which is used by governments, importers, and exporters to identify and classify goods. HS Code 61071100 refers to men's or boys' underpants and briefs, knitted or crocheted, made of cotton.
Men's and boys' underpants and briefs are essential clothing items that provide comfort and support. They are worn as undergarments and are available in various styles, designs, and materials. Under HS Code 61071100, these undergarments are specifically made of knitted or crocheted cotton fabric.
When importing or exporting goods, it is crucial to understand the duty rates associated with the HS code. The bound or Most Favored Nation (MFN) duty rate for HS Code 61071100 is 7.4%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The duty rate is applied to the customs value of the imported goods.
The quantity unit for HS Code 61071100 is dozens (DOZ). This unit of measurement is commonly used for products that are sold in bulk or wholesale quantities. It helps simplify the calculation and tracking of quantities during import or export transactions.
There are also special tariff preference programs that offer different duty rates for imports of men's or boys' underpants and briefs under HS Code 61071100. Some countries provide duty-free treatment, while others apply reduced rates. Here are some examples:
For imports into the United States, the state of North Carolina is a significant destination for men's or boys' underpants and briefs under HS Code 61071100. North Carolina has a thriving textile and apparel industry, making it an ideal market for such products.
Exporting US states for men's or boys' underpants and briefs under HS Code 61071100 may vary depending on the specific manufacturers and exporters. However, the United States is known for its high-quality textile and apparel products, and it exports to various countries around the world.
HS Code 61071100 represents men's or boys' underpants and briefs, knitted or crocheted, made of cotton. Understanding the HS code and associated duty rates is essential for importers and exporters involved in the global trade of these products. Special tariff preference programs can provide opportunities for reduced or duty-free treatment, benefiting both buyers and sellers. The state of North Carolina in the United States is a significant market for importing men's or boys' underpants and briefs, while the exporting states may vary depending on manufacturers and exporters.