When it comes to international trade, it is crucial to have a standardized system that classifies products. The Harmonized System (HS) code is an internationally recognized code used to classify products for import and export purposes. One such HS code is 62021340, which pertains to women's or girls' overcoats, carcoats, capes, cloaks, and similar articles made of man-made fibers and not knitted or crocheted.
The HS code 62021340 helps customs authorities and traders identify and categorize these specific types of garments. This code streamlines the import and export process, ensuring efficient trade between countries. Understanding the HS code for a particular product is essential for accurate documentation, proper classification, and adherence to customs regulations.
Importing or exporting goods classified under HS code 62021340 may be subject to various duties and trade barriers. The bound or Most Favored Nation (MFN) duty rate for this product is 27.7%. 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.
The quantity unit for women's or girls' overcoats, carcoats, capes, cloaks, and similar articles classified under HS code 62021340 is dozens (DOZ). This unit of measurement helps in determining the quantity of goods being imported or exported.
There are also special tariff preference programs in place for this product. Some countries offer preferential duty rates or duty-free treatment for imports of women's or girls' overcoats, carcoats, capes, cloaks, and similar articles classified under HS code 62021340. Here are some examples:
These special tariff preference programs aim to promote trade and economic cooperation between countries. They provide benefits such as reduced or zero-duty rates, making imports more cost-effective for businesses.
When importing women's or girls' overcoats, carcoats, capes, cloaks, and similar articles classified under HS code 62021340 to the United States, it is essential to consider the exporting states. Similarly, when exporting these goods from the United States, it is crucial to know the importing states. This information helps in understanding the domestic market demand and potential trade partners for these products.
HS code 62021340 plays a vital role in the classification, documentation, and trade of women's or girls' overcoats, carcoats, capes, cloaks, and similar articles made of man-made fibers. Understanding the specific HS code for a product is crucial for importers, exporters, and customs authorities to ensure smooth and compliant international trade.