When it comes to international trade, it is essential to have a standardized system for classifying goods. This is where the Harmonized System (HS) code comes into play. The HS code is an internationally recognized system that categorizes products based on specific codes. In this article, we will be exploring HS Code 61143030, which pertains to garments nesoi (not elsewhere specified or included), knitted or crocheted, made of man-made fibers.
Product Description:
HS Code 61143030 refers to garments that are not specifically classified under any other HS code. These garments are made from man-made fibers and are produced through the processes of knitting or crocheting. Man-made fibers can include synthetic materials such as polyester, nylon, or acrylic.
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate for HS Code 61143030 is 14.9%. The MFN duty rate represents the maximum tariff rate that a country can impose on imports of this particular product. It is important to note that this duty rate applies every time a country lowers a trade barrier or opens up a market. This principle ensures that the same goods or services from all trading partners receive equal treatment.
Quantity Unit:
The quantity unit for HS Code 61143030 is dozens (DOZ). This unit of measurement represents the number of garments in multiples of twelve. It is commonly used in the textile and apparel industry to simplify quantity calculations and transactions.
Special Tariff Preference Programs:
Various countries have implemented special tariff preference programs for imports of garments under HS Code 61143030. These programs offer reduced or duty-free rates to promote trade and strengthen economic ties. Here are some examples:
In addition to the above countries, Australia (AU) offers a special rate of 8% for imports of garments under HS Code 61143030. Similarly, Morocco (MA) provides a special rate of 1.5% for these imports.
Importing US States:
HS Code 61143030 is relevant for importing garments made of man-made fibers into the United States. Importers in all states of the US can utilize this HS code for customs clearance and trade purposes.
Exporting US States:
When it comes to exporting garments under HS Code 61143030 from the United States, there are no specific restrictions based on the state of origin. Exporters from any state in the US can take advantage of this HS code to export their products to other countries.
HS Code 61143030 is a significant code for classifying garments made of man-made fibers that are knitted or crocheted. It plays a crucial role in facilitating international trade, ensuring fair treatment, and promoting economic cooperation among countries. Importers and exporters dealing with these garments should be familiar with the applicable duty rates and special tariff preference programs to optimize their trade operations.