When it comes to international trade, it is crucial to have a clear understanding of the Harmonized System (HS) codes. These codes are used by countries worldwide to classify and categorize products for import and export purposes. In this article, we will be focusing on HS Code 62021310, which pertains to women's or girls' overcoats, carcoats, etc, made of man-made fibers and containing 15% or more by weight of down, or other feathers or parts of birds.
HS Code 62021310 specifically refers to overcoats and carcoats designed for women or girls. These garments are not knitted or crocheted and are made of man-made fibers. Additionally, they contain at least 15% by weight of down, or other feathers or parts of birds. It is important to note that the HS code provides a detailed description of the product, allowing for easy identification and classification.
Understanding the duty rates associated with HS Code 62021310 is crucial for importers and exporters. The bound or most-favored-nation (MFN) duty rate for this 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. This duty rate ensures fair and equal treatment for all trading partners.
The quantity unit for HS Code 62021310 is measured in dozens (DOZ). This provides a standardized unit of measurement for the import and export of women's or girls' overcoats and carcoats under this code.
There are also special tariff preference programs in place for HS Code 62021310. In some countries, such as Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, the duty rate is completely free. This means that these countries have established special trade agreements or preferences that allow for duty-free treatment of products classified under HS Code 62021310.
Other countries, such as Australia, offer a special rate of 3.9% for imports under HS Code 62021310. This rate is still significantly lower than the bound duty rate of 4.4%. Similarly, Morocco offers a special rate of 0.4% for imports under this code.
It is important to note that the importing and exporting of products under HS Code 62021310 can vary between different US states. Similarly, the exporting US states can also vary. Therefore, it is essential for businesses to be aware of the specific regulations and requirements associated with their respective states when dealing with products classified under this HS code.
HS Code 62021310 provides a comprehensive classification for women's or girls' overcoats and carcoats made of man-made fibers and containing a certain percentage of down or feathers. Understanding the duty rates and special tariff preference programs associated with this code is crucial for businesses engaged in international trade. By adhering to the regulations and requirements set forth by the HS code, businesses can ensure smooth and compliant import and export operations.