When it comes to international trade, it is essential to have a clear understanding of the Harmonized System (HS) codes. These codes are used worldwide to classify products for customs and statistical purposes. One such code is HS Code 62019120, which refers to men's or boys' anoraks, windbreakers, and similar articles made of wool or fine animal hair, excluding those that are knitted or crocheted.
Understanding the details of this HS code is crucial for both importers and exporters. Let's dive deeper into the various aspects of HS Code 62019120:
This code specifically focuses on outerwear for men and boys made of wool or fine animal hair. Anoraks and windbreakers are popular choices for protection against the elements, and this HS code helps classify these garments for international trade.
The bound or most-favored-nation (MFN) duty rate applicable to HS Code 62019120 is 49.7 cents/kg plus 19.7%. This means that for every kilogram of the product, a duty of 49.7 cents plus an additional 19.7% of the product's value will be levied on imports.
It is important to note that trade barriers and market openings can impact the duty rate. Whenever 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. This ensures fair trade practices and equal opportunities for all.
The quantity unit for HS Code 62019120 is dozens (DOZ). This unit of measurement is commonly used in the apparel industry to denote quantities of garments. Importers and exporters must ensure that they accurately calculate and declare the quantity in dozens when dealing with this HS code.
Several countries have special tariff preference programs in place for products falling under HS Code 62019120. These programs offer reduced or duty-free rates to promote trade and economic cooperation. Here are some of the programs and their respective rates:
These special tariff preference programs allow exporters and importers to take advantage of reduced or zero-duty rates, making trade more accessible and beneficial for all parties involved.
While not explicitly mentioned in the given data, it is important to note that HS Code 62019120 is used for international trade involving the United States as well. When importing goods into the United States or exporting them from the country, this HS code is relevant for customs clearance and duty calculations.
For importing, the specific states within the United States where the goods are destined play a role in determining any additional state-specific regulations or taxes that may apply. Similarly, when exporting goods from the United States, the HS code helps classify the products accurately for customs purposes.
Overall, HS Code 62019120 is crucial for international trade involving men's or boys' anoraks, windbreakers, and similar articles made of wool or fine animal hair. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is essential for importers and exporters to navigate the global market effectively.