Stockings, socks, and similar items made from synthetic fibers and containing lace or net fall under HS Code 61159660. This code is used for the classification and regulation of these specific products in international trade. Understanding the HS code is crucial for importers, exporters, and customs officials to accurately identify and categorize goods during the customs clearance process.
HS codes are internationally recognized codes developed by the World Customs Organization (WCO) to standardize and harmonize the classification of traded goods. They are composed of six digits, with additional digits for more specific subcategories. The HS code 61159660 specifically refers to stockings, socks, and similar items made from synthetic fibers with lace or net.
When importing or exporting goods falling under HS Code 61159660, it is important to be aware of the associated duty rates and any special tariff preference programs that may apply. The bound or most-favored-nation (MFN) duty rate for this code is 18.8%. 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 quantity unit for stockings, socks, and similar items classified under HS Code 61159660 is a dozen pairs (DPR). This unit of measurement allows for easy calculation and comparison of quantities during trade transactions.
Furthermore, there are several special tariff preference programs that offer reduced or duty-free rates for goods classified under HS Code 61159660. These programs are designed to promote trade and economic cooperation between specific countries. The following countries offer special rates for this HS code:
It is important for importers and exporters to take advantage of these special tariff preference programs to minimize costs and enhance competitiveness in the international market.
When it comes to the United States, one example of a state that imports stockings, socks, and similar items classified under HS Code 61159660 is North Carolina. This state plays a significant role in the importation and distribution of these products within the country.
HS Code 61159660 encompasses stockings, socks, and similar items made from synthetic fibers with lace or net. Understanding this code is crucial for accurate classification and regulation of these products in international trade. Importers and exporters should be aware of the associated duty rates and special tariff preference programs to optimize their trade transactions and minimize costs.