An HS code is a standardized international system used for classifying and categorizing traded products. It helps in identifying the specific product and determining the applicable customs duties and trade policies. In this article, we will explore the HS code 62029310, which refers to women's or girls' anoraks, windbreakers, and similar articles made of man-made fibers.
The product description for HS code 62029310 states that it includes anoraks and windbreakers for women and girls. These items are specifically not knitted or crocheted and are made of man-made fibers. Additionally, these articles must contain 15% or more by weight of down or other similar materials.
When importing or exporting goods with this HS code, it is crucial to be aware of the applicable duty rates. The bound or Most Favored Nation (MFN) duty rate for HS code 62029310 is 4.4%. The MFN duty rate implies 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 ensures fair and equal treatment for all countries involved in trade.
The quantity unit for HS code 62029310 is dozens (DOZ), which means that the products are typically measured and traded in multiples of twelve.
There are also special tariff preference programs available for this HS code. Some countries offer duty-free treatment for importing these products, while others have reduced tariff rates. The countries offering duty-free treatment for HS code 62029310 include Bahrain (BH), Canada (CA) under NAFTA (North American Free Trade Agreement), Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), and Singapore (SG).
Additionally, Australia (AU) offers a special rate of 3.9%, while Morocco (MA) offers a special rate of 0.4% for importing products under HS code 62029310.
It is important to note that the availability of these special tariff preference programs may vary and could be subject to change. Therefore, it is advisable to consult the latest regulations and trade agreements of the respective countries before engaging in international trade with HS code 62029310.
When importing products under HS code 62029310 into the United States, it is essential to be aware of the specific states involved in importing and exporting. The US states involved in importing these products may vary depending on the specific trade transactions and distribution channels.
HS code 62029310 identifies women's or girls' anoraks, windbreakers, and similar articles made of man-made fibers, containing 15% or more by weight of down or other similar materials. Understanding the HS code, duty rates, and special tariff preference programs associated with this product category is crucial for international traders and importers/exporters. Compliance with the applicable regulations and trade policies ensures smooth and legal trade operations.