When it comes to international trade, it is essential to have a standardized system in place to classify products. The Harmonized System (HS) code is a globally recognized system used to classify goods for import and export purposes. In this educational article, we will delve into the details of HS Code 62021210, which pertains to women's or girls' overcoats, carcoats, etc, made of cotton and containing 15% or more by weight of down or other feathers.
The HS Code 62021210 provides a clear and concise description of the product, ensuring that it can be easily identified and categorized. This particular HS code is specifically designed for overcoats and carcoats intended for women or girls. It excludes knitted or crocheted garments, focusing solely on those made of cotton and containing a significant amount of down or feather material.
When importing or exporting products classified under HS Code 62021210, it is important to be aware of the associated duty rates. The bound or most-favored-nation (MFN) duty rate for this HS code is 4.4%. This means that every time 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. It aims to promote fair and equal treatment for all trading partners.
The quantity unit for HS Code 62021210 is measured in dozens (DOZ). This unit of measurement helps ensure consistent and standardized trade practices, facilitating easy understanding and calculation of quantities during import or export processes.
In addition to the duty rates, there are also special tariff preference programs associated with HS Code 62021210. These programs offer certain countries preferential treatment in terms of duty rates when trading this specific product. Some of the countries that enjoy free or reduced duty rates for women's or girls' overcoats, carcoats, etc, made of cotton and containing 15% or more by weight of down, etc, include Bahrain (BH), Canada (CA) under NAFTA, Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Peru (P), Singapore (SG), and the Dominican Republic-Central American countries under DR-CAFTA. Each country's specific duty rate is listed accordingly.
It is important to note that these special tariff preference programs are subject to change, and it is always advisable to consult the most up-to-date regulations and trade agreements when conducting international trade using HS Code 62021210.
When it comes to importing or exporting products classified under HS Code 62021210, it is also crucial to consider the specific importing and exporting US states. Understanding the regulations and requirements of each state can help ensure smooth and compliant trade operations.
HS Code 62021210 is a vital classification for women's or girls' overcoats, carcoats, etc, made of cotton and containing 15% or more by weight of down, etc. It allows for standardized trade practices and facilitates the identification, classification, and movement of these specific products in the global market. By understanding the associated duty rates, quantity unit, special tariff preference programs, and specific importing and exporting US states, businesses can navigate international trade more effectively and efficiently.