HS Code 61152940: Panty Hose and Tights with Silk Content
- Product Description: Panty hose (not graduated compression) and tights, containing 70% or more by weight of silk or silk waste, knitted or crocheted.
- Bound / MFN Duty Rate: 2.6%
- Quantity Unit: Dozen pairs (DPR)
- Special Tariff Preference Programs:
- Free: Australia, Bahrain, Canada (NAFTA duty-free treatment), Chile, European Union (E), Israel, Japan, Jordan, Mexico (NAFTA duty-free treatment), Oman, Peru, Singapore
- 0.40%: Morocco
The HS Code 61152940 refers to panty hose and tights that are made of knitted or crocheted fabric and contain 70% or more silk or silk waste by weight. This code is used for classifying and identifying these specific types of clothing articles for international trade purposes.
When importing or exporting panty hose and tights with this HS code, it is important to consider the specific duty rates and any special tariff preference programs that may apply. The bound or most-favored-nation (MFN) duty rate for this product is 2.6%. This rate is applied consistently, regardless of the country of origin or destination.
However, there are certain special tariff preference programs that offer reduced or zero duty rates for this product. These programs vary depending on the trading partners involved. For example, countries like Australia, Bahrain, Canada (under NAFTA), Chile, the European Union (EU), Israel, Japan, Jordan, Mexico (under NAFTA), Oman, Peru, and Singapore offer duty-free treatment for panty hose and tights with HS code 61152940.
In addition to these duty-free programs, there is a special rate of 0.40% applied by Morocco for the importation of this product.
It is important for importers and exporters to be aware of these special tariff preference programs as they can help reduce the cost of trade and enhance competitiveness in the global market. By taking advantage of these programs, businesses can save on import duties and increase their profit margins.
Importing US states and exporting US states have no relevance to the HS code 61152940. The code specifically classifies the product and does not depend on the location within the United States.
the HS code 61152940 represents panty hose and tights with a high silk content. Understanding the specific duty rates and special tariff preference programs associated with this code is crucial for importers and exporters. By leveraging these programs, businesses can optimize their trade operations and gain a competitive edge in the global market.
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