The HS Code 62011330 refers to a specific product category: Men's or boys' overcoats, carcoats, capes, and like coats made of manmade fibers. These products are not knit or crocheted and contain 36 percent or more of wool. The abbreviation "nesoi" stands for "not elsewhere specified or included," indicating that the specific composition of the fibers may vary within the given parameters.
This HS Code is used for classification and categorization purposes in international trade. It helps customs authorities and traders identify and track the goods being imported or exported. The HS Code 62011330 is specific to men's or boys' overcoats made of manmade fibers with a significant wool content.
When importing or exporting products classified under HS Code 62011330, it is essential to be aware of the associated duty rates and special tariff preference programs. The bound or most-favored-nation (MFN) duty rate for this category is 49.7 cents per kilogram plus an additional 19.7% of the product value.
Additionally, countries that participate in trade agreements or are members of specific trade organizations may offer special tariff preferences for products classified under HS Code 62011330. These preferences can include reduced or eliminated duty rates, providing a competitive advantage for traders from eligible countries.
The quantity unit for this HS Code is dozens (DOZ), which indicates that the products are typically imported or exported in multiples of twelve.
Some of the special tariff preference programs applicable to HS Code 62011330 include:
Additionally, Australia (AU) offers a special rate of 8% for products classified under HS Code 62011330. Morocco (MA) applies a specific duty rate of 5? per kilogram plus an additional 1.9% of the product value.
When importing products classified under HS Code 62011330 into the United States, it is crucial to be aware of the specific regulations and requirements of the importing and exporting states. These regulations may vary, and compliance is essential to ensure smooth and legal trade operations.
HS Code 62011330 represents a specific category of men's or boys' overcoats made of manmade fibers with a significant wool content. Traders and customs authorities use this code to classify and track these products in international trade. Understanding the associated duty rates and special tariff preference programs is crucial for importers and exporters in order to optimize their trade operations and take advantage of any available benefits.