When it comes to international trade, it is important for countries to have a standardized system in place to classify products. This system is known as the Harmonized System (HS) code. The HS code for a particular product provides information about its description, quantity unit, and duty rates. In this article, we will delve into the details of HS Code 61101210, which is assigned to sweaters, pullovers, sweatshirts, waistcoats (vests), and similar articles made from Kashmir goats' cashmere.
Product Description:
Bound / MFN Duty Rate:
Quantity Unit:
Special Tariff Preference Programs:
Importing US States:
Exporting US States:
Sweaters, pullovers, sweatshirts, waistcoats (vests), and similar articles made from Kashmir goats' cashmere are highly sought after in the fashion industry. The HS Code 61101210 specifically identifies these products and ensures that they are properly classified for international trade purposes.
With a bound / MFN duty rate of 4%, countries must apply this duty rate consistently when trading these products. This means that whenever a country lowers a trade barrier or opens up its market, it must do so for sweaters, pullovers, sweatshirts, waistcoats (vests), and similar articles from all its trading partners.
The quantity unit for these products is dozens (DOZ), which provides a standardized unit of measurement for trade transactions.
There are also special tariff preference programs in place for these products. Countries such as Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, and Singapore offer duty-free treatment for imports of sweaters, pullovers, sweatshirts, waistcoats (vests), and similar articles under HS Code 61101210. Australia, on the other hand, applies a special rate of 3.6% for these imports.
It is worth noting that Morocco has a special rate, but the details are specified under HS Code 9912.61.45-9912.61.46. This highlights the importance of accurately classifying products under the correct HS code to ensure proper duty rates and tariff preferences.
When it comes to the United States, the states of North Carolina and South Carolina are known for their involvement in importing these products. As for the exporting US states, further information is needed to complete the article.
HS Code 61101210 plays a crucial role in the international trade of sweaters, pullovers, sweatshirts, waistcoats (vests), and similar articles made from Kashmir goats' cashmere. Understanding the details of this code is essential for businesses and individuals involved in the import and export of these products.