Hosiery is a popular fashion item that has been worn by women for centuries. It not only adds style to an outfit but also provides warmth and comfort. Women's full-length or knee-length hosiery is a specific type of hosiery that is classified under HS Code 61153090.
The HS Code 61153090 is used to categorize and identify this particular type of hosiery in international trade. It provides a standardized code that is recognized worldwide, making it easier for countries to classify and track the import and export of this product.
The product description for HS Code 61153090 specifies that it is women's hosiery that measures per single yarn less than 67 decitex and contains under 70% by weight of silk. This hosiery is typically knitted or crocheted, providing a comfortable and stretchy fit.
When it comes to the duty rates for importing this product, the bound or most-favored-nation (MFN) duty rate is 14.6%. 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. This duty rate applies to each unit of hosiery, which is measured in dozen pairs (DPR).
However, there are special tariff preference programs in place for this product. Some countries offer duty-free treatment for the import of women's full-length or knee-length hosiery under HS Code 61153090. These countries include Bahrain (BH), Canada (CA) under NAFTA, Chile (CL), certain countries or products excluded from CBI eligibility, Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), and Singapore (SG).
Additionally, Australia (AU) offers a special rate of 3% for the import of this product, while Morocco (MA) offers a rate of 1.50%. These special rates provide opportunities for countries to trade this hosiery at reduced duty rates, promoting international commerce and economic cooperation.
Importing and exporting of women's full-length or knee-length hosiery under HS Code 61153090 occurs between various US states and countries worldwide. The specific importing and exporting US states may vary depending on market demand and supply chain dynamics.
HS Code 61153090 represents women's full-length or knee-length hosiery that is made with a specific composition of materials and is knitted or crocheted. This standardized code facilitates international trade by providing a common classification for this product. Duty rates and special tariff preference programs further influence the import and export of this hosiery, allowing for trade opportunities and economic growth.