The HS Code 61159590 refers to stockings, socks, and similar items made of cotton that are knitted or crocheted. This code is used to classify and identify these products for international trade purposes. In this article, we will explore the details and implications of this HS code, including the product description, duty rates, quantity unit, and special tariff preference programs.
The HS code 61159590 is specifically for stockings, socks, and similar items that are not surgical and do not contain lace or net. These products are made of cotton and are either knitted or crocheted. The code helps to differentiate these items from other textile products and provides a standardized classification for international trade.
The bound or most favored nation (MFN) duty rate for products classified under HS code 61159590 is 13.5%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. The duty rate helps to regulate and maintain fair trade practices among countries.
The quantity unit for products classified under HS code 61159590 is dozen pairs (DPR). This unit of measurement allows for easy calculation and tracking of the number of stockings or socks being imported or exported.
There are several special tariff preference programs associated with HS code 61159590. These programs provide specific duty rates or duty-free treatment for importing and exporting countries. The following is a list of the programs and the corresponding rates:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing reduced or eliminated duty rates for specific products. Importers and exporters can take advantage of these programs to reduce their costs and enhance competitiveness in the global market.
The HS code 61159590 applies to stockings, socks, and similar items made of cotton for both importing and exporting purposes in the United States. This means that companies or individuals in any state within the US can import or export these products using this HS code.
HS code 61159590 is used to classify and identify stockings, socks, and similar items made of cotton that are knitted or crocheted. The code provides a standardized classification for international trade and helps regulate duty rates and special tariff preference programs. Importers and exporters can benefit from understanding and utilizing this HS code to facilitate their trade operations.