The HS Code 61178030 refers to a specific category of clothing accessories that are made up of materials containing at least 70% weight of silk. These accessories include various items such as belts, gloves, suspenders, and other similar products. However, it is important to note that this HS code excludes certain items like shawls, scarves, mufflers, mantillas, veils, ties, and cravats.
When importing or exporting products falling under HS Code 61178030, it is vital to understand the associated trade regulations and tariff rates. One notable aspect to consider is the Bound / MFN (Most Favored Nation) duty rate, which currently stands at 2.3%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for products categorized under HS Code 61178030 is measured in dozens (DOZ). This unit of measurement is commonly used in the textile and apparel industry to quantify the number of items being traded.
Furthermore, there are various special tariff preference programs that apply to the import and export of products under HS Code 61178030. These programs provide certain countries with preferential treatment in terms of duty rates. For example, Australia, Bahrain, Canada (under NAFTA), Chile, the European Union, Israel, Japan, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and several others are eligible for duty-free treatment when trading these products. On the other hand, Morocco is subject to a special rate of 0.30%.
It is worth mentioning that the specific details and conditions of each special tariff preference program may vary. For instance, certain programs may require specific documentation or proof of origin to avail the preferential treatment. It is important for importers and exporters to familiarize themselves with the requirements of these programs to ensure compliance and maximize the benefits.
When it comes to the importing and exporting of products falling under HS Code 61178030, it is essential to consider the origin and destination countries. Different US states have varying regulations and requirements for these products. Similarly, the exporting US states may also have their own set of rules and restrictions. It is crucial to research and understand these regulations to ensure smooth trade operations.
HS Code 61178030 pertains to made up clothing accessories that contain at least 70% weight of silk. This HS code is subject to a 2.3% Bound / MFN duty rate and is measured in dozens. Importers and exporters should also take advantage of the various special tariff preference programs that offer duty-free treatment for these products, depending on the respective country. Understanding the specific regulations and requirements of each trading partner and state is crucial for successful and compliant trade operations.