When it comes to men's or boys' outerwear, one specific HS code that is worth mentioning is 62011340. This code refers to overcoats, carcoats, capes, cloaks, and similar coats that are made from manmade fibers. In this article, we will explore the product description, duty rates, quantity units, special tariff preference programs, and the importing/exporting US states associated with this HS code.
The HS code 62011340 encompasses a wide range of outerwear for men and boys. These coats are specifically classified as non-knitted or non-crocheted garments made from manmade fibers. The term "nesoi" stands for "not elsewhere specified or included," indicating that this code covers various types of coats that do not fall under a more specific classification.
The bound or most favored nation (MFN) duty rate for HS code 62011340 is 27.7%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 27.7% to the import of these coats from all its trading partners. This rate ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for HS code 62011340 is dozens (DOZ). This unit of measurement is often used in the textile and apparel industry to indicate the number of items in multiples of twelve. It provides a standardized way to quantify the quantity of coats being imported or exported.
Several countries have special tariff preference programs in place for imports of coats classified under HS code 62011340. These programs offer reduced or duty-free rates for eligible countries. Here are some examples:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing favorable conditions for certain imports.
HS code 62011340 is relevant to various states in the United States when it comes to importing and exporting men's or boys' overcoats of manmade fibers. While the specific states involved may vary based on trade activity, some notable importing states include New York, California, Texas, Illinois, and Florida. On the other hand, exporting states may include North Carolina, New Jersey, Georgia, Virginia, and Massachusetts.
HS code 62011340 encompasses a range of men's or boys' overcoats made from manmade fibers. Understanding this code and its associated details, such as duty rates, quantity units, special tariff preference programs, and importing/exporting US states, is crucial for businesses and individuals involved in the international trade of these products.