The HS Code 61171040 refers to a specific product category: shawls, scarves, and similar articles that are knitted or crocheted and contain 70% or more by weight of silk or silk waste. This code is used internationally to classify and identify this particular type of merchandise for trade and customs purposes.
When importing or exporting products, it is essential to know the applicable HS code as it helps determine the appropriate customs duties, tariffs, and regulations associated with that specific product category. In the case of HS Code 61171040, the following information can provide a better understanding of the trade implications and benefits:
The product description clarifies that HS Code 61171040 applies to shawls, scarves, and similar items made from silk or silk waste. This code specifically covers knitted or crocheted products, highlighting the manufacturing technique used.
The bound or most-favored-nation (MFN) duty rate for HS Code 61171040 is 1.5%. The MFN principle states that whenever 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. This duty rate is applicable to all countries trading this specific product category.
The quantity unit for HS Code 61171040 is dozens (DOZ). This unit of measurement indicates that the product is commonly traded and measured in multiples of twelve.
HS Code 61171040 is eligible for various special tariff preference programs, which provide certain benefits, such as reduced or duty-free treatment, to encourage trade between specific countries. The following are the special tariff preference programs applicable to this HS code:
These special tariff preference programs offer different benefits and rates depending on the country involved. Some programs provide duty-free treatment, while others have specific reduced rates. Importers and exporters should be aware of these programs to take advantage of the potential cost savings and market access they offer.
HS Code 61171040 can be imported or exported to and from various states within the United States. The specific states involved in the trade of this product category may vary depending on factors such as demand, production capabilities, and market dynamics.
Understanding and correctly applying HS codes is crucial for international trade. It ensures compliance with customs regulations, facilitates trade negotiations, and allows businesses to take advantage of preferential trade agreements and tariff programs. HS Code 61171040 plays a vital role in identifying and classifying shawls, scarves, and similar products made predominantly from silk or silk waste.