When it comes to international trade, it is essential to have a standardized system in place to classify and identify products. This is where the Harmonized System (HS) code comes into play. The HS code for Men's or boys' ensembles, not knitted or crocheted, of synthetic fibers is 62032300.
The HS code 62032300 provides a unique identification for this specific product, making it easier for customs officials, importers, and exporters to classify goods accurately. It ensures that each country follows the same classification system, promoting fair and consistent trade practices.
Let's dive deeper into the details of this HS code and explore the information associated with it:
The product description for HS code 62032300 is "Men's or boys' ensembles, not knitted or crocheted, of synthetic fibers." This means that it refers to complete outfits or sets for men or boys, made of synthetic fibers, but not manufactured through knitting or crocheting techniques.
The bound or Most-Favored Nation (MFN) duty rate is the rate applicable to each garment in the ensemble if separately entered. It signifies 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. This ensures equal treatment among trading nations.
The quantity unit for HS code 62032300 is dozens (DOZ). This means that the products are typically measured, traded, and counted in groups of twelve.
Several special tariff preference programs are associated with HS code 62032300. These programs provide specific rates or preferential treatment for imports based on the country of origin or other factors. Here are the programs and their respective details:
These tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties for specific goods.
Based on the available data, the importing US state for HS code 62032300 is Vermont. This means that products falling under this HS code are frequently imported into the state of Vermont.
Unfortunately, the data does not provide information on the specific exporting US states for HS code 62032300. However, it is important to note that this HS code represents a product that can be exported from various states in the United States.
HS code 62032300 refers to Men's or boys' ensembles, not knitted or crocheted, of synthetic fibers. It provides a standardized classification for this specific product, enabling accurate identification and classification during international trade. Understanding the associated details, such as duty rates, quantity units, and special tariff preference programs, is crucial for importers, exporters, and customs officials to facilitate fair and efficient trade between countries.