When it comes to international trade, it is essential to have a common language to classify and identify products. This is where the Harmonized System (HS) Code comes into play. The HS Code acts as a universal standard for classifying goods, facilitating smooth trade between countries. In this article, we will explore the HS Code 62011210, which refers to men's or boys' overcoats, carcoats, capes, and similar coats of cotton, not knit or crocheted, containing 15% or more by weight of down or other feathers.
The HS Code 62011210 provides a detailed description of the product, ensuring consistency and clarity in trade transactions. It specifies that the product is made of cotton, not knit or crocheted, and contains at least 15% by weight of down or other feathers. This information is crucial for customs officials, importers, and exporters to accurately classify and identify the product.
Now, let's delve deeper into some important aspects related to the HS Code 62011210.
The bound or Most-Favored-Nation (MFN) duty rate for the HS Code 62011210 is 4.4%. The MFN duty rate is the maximum tariff rate that a country can impose on a specific product. It ensures 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 4.4% duty rate indicates the import duty that needs to be paid when importing men's or boys' overcoats, carcoats, capes, and similar coats covered by this HS Code.
The quantity unit for the HS Code 62011210 is dozens (DOZ). This unit signifies that the product is typically traded and measured in multiples of 12. Importers and exporters use this unit to determine the quantity of goods being traded and to calculate costs and logistics.
Various countries have established special tariff preference programs to promote trade and foster economic cooperation. For the HS Code 62011210, the following special tariff preference programs apply:
These special tariff rates provide a significant advantage for importers and exporters, as they either eliminate or reduce the import duty burden. It is crucial for businesses to be aware of these programs and utilize them to optimize their trade operations.
The HS Code 62011210 is relevant for importers in all states of the United States. Whether you are based in California, New York, Texas, or any other state, if you are importing men's or boys' overcoats, carcoats, capes, and similar coats covered by this HS Code, the information provided here applies to you.
Similarly, if you are an exporter located in the United States, the HS Code 62011210 is essential for you. Regardless of whether you are based in California, New York, Texas, or any other state, understanding the HS Code and its implications will help you comply with trade regulations and make informed decisions regarding your export activities.
Overall, the HS Code 62011210 plays a crucial role in international trade by providing a standardized classification for men's or boys' overcoats, carcoats, capes, and similar coats made of cotton and containing a significant proportion of down or other feathers. Importers and exporters must be well-versed in the details and implications of this HS Code to ensure smooth and compliant trade operations.