The HS Code 62019325 refers to men's or boys' anoraks made of manmade fibers, not knitted or crocheted, and containing 36 percent or more of wool or fine animal hair. This code is used to classify and categorize these specific types of garments for international trade purposes. Understanding this code is essential for importers, exporters, and customs officials to ensure accurate classification and appropriate tariff rates.
The bound / MFN duty rate for products falling under this HS code is 49.5 cents/kg plus 19.6% of the value. This duty rate applies every time a country lowers a trade barrier or opens up a market, ensuring equal treatment for all trading partners in terms of goods or services.
The quantity unit for this HS code is dozens (DOZ), indicating that the products are usually imported or exported in batches of twelve units.
There are several special tariff preference programs associated with this HS code. The following countries or regions offer duty-free treatment for these products: Bahrain (BH), Canada (CA) under NAFTA, Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), and Singapore (SG). These preferential rates enable trade benefits and encourage economic cooperation between the countries involved.
In addition to the duty-free treatment, Australia (AU) offers a special rate of 8% for products classified under HS Code 62019325. Morocco (MA) also has a special rate, but further details are provided under the code 9912.62.04-9912.62.07. This demonstrates the importance of consulting the specific tariff schedule for each country to determine the applicable rates.
When importing these anoraks into the United States, it is crucial to be aware of the exporting US states. Similarly, when exporting from the US, knowledge of the importing US states is necessary. This information ensures compliance with any additional regulations or requirements that may vary between different states within the country.
Understanding the HS Code 62019325 and its associated details is vital for businesses engaged in international trade. Accurate classification of products and knowledge of the applicable duty rates and preferential programs can help optimize cost efficiency and ensure compliance with trade regulations. Importers and exporters should consult the official tariff schedules and seek professional guidance to navigate the complexities of international trade.