The HS code 62021100 refers to women's or girls' overcoats, carcoats, capes, cloaks, and similar coats made of wool or fine animal hair. This code is used for classification and identification purposes in international trade.
The product description provides specific details about the type of coats included in this HS code. It specifies that the coats must be made of wool or fine animal hair and should not be knitted or crocheted. This information helps customs authorities and traders accurately categorize and classify these products for import and export purposes.
When importing or exporting products under HS code 62021100, it is essential to be aware of the associated duty rates. The bound or MFN (Most Favored Nation) duty rate for these coats is 41 cents/kg + 16.3%. This means that for every kilogram of coats imported or exported, a duty of 41 cents plus 16.3% of the value will be applied.
It is important to note that trade barriers and market openings can impact the duty rates for this HS code. 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 principle ensures fair and equal treatment among trading nations.
The quantity unit for this HS code is dozens (DOZ). This means that the coats are typically traded and measured in multiples of twelve.
Various special tariff preference programs are available for products classified under HS code 62021100. These programs offer different duty rates based on the country of import or export. Some of the notable programs and their associated rates are:
Importing and exporting states in the US may also have specific regulations and requirements for products under HS code 62021100. It is important to be familiar with these regulations and comply with them to ensure smooth trade operations.
HS code 62021100 represents women's or girls' overcoats, carcoats, capes, cloaks, and similar coats made of wool or fine animal hair. This code is used for classification and identification purposes in international trade. Understanding the associated duty rates and special tariff preference programs is crucial for importers and exporters of these products. Compliance with import and export regulations is essential to facilitate smooth trade operations.