HS Code 61159990: Stockings and Other Hosiery
Stockings and other hosiery are essential textile products that serve both functional and aesthetic purposes. These products fall under the HS Code 61159990, which classifies them as items made of textile materials (excluding man-made fibers) and containing less than 70% silk by weight. This code is used to facilitate trade and ensure uniformity in the classification and regulation of these goods worldwide.
The HS Code 61159990 is crucial in international trade as it helps customs authorities and traders identify and categorize stockings and hosiery accurately. It also allows for the determination of applicable duties, taxes, and regulations when importing or exporting these products.
According to the data provided, the bound or Most Favored Nation (MFN) duty rate for stockings and hosiery under this HS Code is 9.9%. This means that every country must apply the same duty rate when lowering trade barriers or opening up markets for these goods. This principle of non-discrimination ensures fair and equal treatment for all trading partners.
The quantity unit for stockings and hosiery is measured in dozen pairs (DPR). This unit provides a standardized measurement that simplifies the trading and tracking of these products.
In addition to the duty rate, there are special tariff preference programs available for stockings and hosiery under HS Code 61159990. These programs offer reduced or duty-free treatment for specific countries. The following are some examples:
1. Free: Stockings and hosiery under this HS Code enjoy duty-free treatment in countries like Bahrain, Canada (under NAFTA), Chile (under a special rate), Israel (under a special rate), Jordan (under a special rate), Mexico (under NAFTA), Oman (under a special rate), Peru (under a special rate), and Singapore (under a special rate).
2. 3%: Australia offers a special rate of 3% duty for stockings and hosiery under this HS Code.
3. 1%: Morocco provides a special rate of 1% duty for stockings and hosiery under this HS Code.
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing barriers and facilitating the flow of goods.
When it comes to the United States, the data does not specify any exporting states for stockings and hosiery under HS Code 61159990. However, it mentions North Carolina as an importing state. This information can be useful for businesses and individuals in North Carolina who are involved in the importation of stockings and hosiery.
HS Code 61159990 classifies stockings and other hosiery made of textile materials (excluding man-made fibers) and containing less than 70% silk by weight. This code plays a crucial role in international trade by facilitating the classification, regulation, and taxation of these goods. Understanding the HS Code and its associated tariff preference programs can help businesses navigate the global market for stockings and hosiery more effectively.
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