Ties, bow ties, and cravats are essential accessories that add elegance and style to any formal attire. These fashion staples are not only popular among men but have also gained popularity among women in recent years. The HS Code 61178020 specifically refers to ties, bow ties, and cravats made from silk or silk waste that are knitted or crocheted.
When it comes to international trade, the HS Code plays a crucial role in classifying products for customs purposes. The HS Code 61178020 helps customs officials identify and categorize ties, bow ties, and cravats made from silk or silk waste. This code ensures that the appropriate tariffs and trade regulations are applied to these products.
According to the data, the Bound/MFN (Most Favored Nation) duty rate for HS Code 61178020 is 1.2%. This rate is applicable every time a country lowers a trade barrier or opens up a market. It ensures that all trading partners receive the same treatment for the same goods or services.
The quantity unit for HS Code 61178020 is measured in dozens (DOZ). This unit of measurement provides a standardized way to quantify the number of ties, bow ties, and cravats being imported or exported.
Special tariff preference programs are also available for HS Code 61178020. These programs offer reduced or duty-free rates for specific countries. In the case of this HS Code, the following special tariff preference programs apply:
These special tariff preference programs aim to promote trade and strengthen economic ties between the participating countries. By offering reduced or duty-free rates, they incentivize businesses to engage in international trade.
Importing states in the United States and exporting states to the United States play a crucial role in the trade of ties, bow ties, and cravats under HS Code 61178020. These states serve as key hubs for the import and export of these fashion accessories, facilitating global commerce and contributing to the growth of the industry.
HS Code 61178020 plays a vital role in the international trade of ties, bow ties, and cravats made from silk or silk waste. It ensures proper classification, application of tariffs, and compliance with trade regulations. The special tariff preference programs further enhance trade opportunities, while the importing and exporting states serve as important gateways for the movement of these fashion accessories. Understanding and adhering to the HS Code 61178020 is essential for businesses and individuals involved in the global trade of ties, bow ties, and cravats.