When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) Code is a globally recognized code that allows countries to classify products for customs and statistical purposes. In this article, we will explore the HS Code 62033310, which refers to men's or boys' suit-type jackets and blazers.
The product description for HS Code 62033310 specifies that these jackets and blazers are not knitted or crocheted. They are made of synthetic fibers and contain 36% or more of wool or fine animal hair. This detailed description helps customs authorities and traders accurately identify and classify the product.
One important aspect of HS Codes is the bound or Most Favored Nation (MFN) duty rate associated with the product. The bound duty rate for HS Code 62033310 is 22%. This means that whenever 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. The bound duty rate provides predictability and stability in international trade.
The quantity unit for HS Code 62033310 is not available (NA). This indicates that the code does not specify a particular unit of measurement for the quantity of these jackets and blazers.
There are also special tariff preference programs associated with HS Code 62033310. These programs offer preferential or reduced duty rates for certain countries. For example, the following countries enjoy duty-free treatment for importing these products: Bahrain (BH), Canada (CA) under the NAFTA agreement, Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under the NAFTA agreement, Oman (OM), Panama (P), Peru (PE), and Singapore (SG).
On the other hand, Australia (AU) has a special rate of 8% for importing these products. It is worth noting that there is a reference to codes 9912.62.19-9912.62.20 for Morocco (MA), which might provide further details regarding the special rate applicable in that country.
When it comes to the United States, the importing state for HS Code 62033310 is Vermont. This information is crucial for traders and importers who need to know which state's regulations and requirements they should comply with when importing these jackets and blazers into the United States.
Unfortunately, the data does not specify the exporting states for HS Code 62033310. However, it is important to note that the HS Code is used internationally, and different countries may have different exporting states for the same product.
HS Code 62033310 represents men's or boys' suit-type jackets and blazers made of synthetic fibers with a significant percentage of wool or fine animal hair. Traders and importers should be aware of the bound duty rate, quantity unit, and special tariff preference programs associated with this code. Understanding the HS Code system is vital for smooth international trade and compliance with customs regulations.