When it comes to international trade, it is important to have a standardized system that allows for the smooth flow of goods and services across borders. The Harmonized System (HS) Code is a classification system used globally to categorize products for customs and trade purposes. In this article, we will be taking a closer look at HS Code 62019220.
HS Code 62019220 refers to men's or boys' anoraks, windbreakers, and similar articles made of cotton. These products are not knitted or crocheted and do not contain 15% or more by weight of down or other similar materials.
The HS Code is an essential tool for customs officials, importers, and exporters as it helps in identifying and classifying products for trade purposes. This specific HS Code provides detailed information about the product, allowing for proper documentation and assessment of duties and taxes.
Bound / MFN duty rate for HS Code 62019220 is 9.4%. 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. This ensures fair and equal treatment for all trading partners.
The quantity unit for HS Code 62019220 is dozens (DOZ). This unit of measurement is used to determine the quantity of products being imported or exported.
There are also special tariff preference programs available for products classified under HS Code 62019220. The following countries provide special rates or duty-free treatment for these products: Bahrain (BH), Canada (CA) under NAFTA (North American Free Trade Agreement), Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), and Singapore (SG). Australia (AU) provides a special rate of 8% for these products. Morocco (MA) also provides a special rate, but further details are required.
For importers in the United States, it is essential to be aware of the specific regulations and requirements of each state when importing products classified under HS Code 62019220. Different states may have varying rules and regulations regarding the importation of goods, so it is important to stay informed and comply with all necessary procedures.
Similarly, for exporters in the United States, it is crucial to understand the regulations and requirements of the destination country when exporting products classified under HS Code 62019220. Each country may have its own set of rules and regulations, including import duties, documentation requirements, and product standards.
Overall, HS Code 62019220 provides a comprehensive classification for men's or boys' anoraks, windbreakers, and similar articles made of cotton. It ensures proper documentation, assessment of duties and taxes, and facilitates the smooth flow of trade between countries. By understanding and complying with the regulations associated with this HS Code, importers and exporters can navigate the international trade landscape effectively.