When it comes to international trade, it is essential to have a standardized system that categorizes products for import and export purposes. The Harmonized System (HS) code is a globally recognized classification system used to identify and classify goods. In this article, we will delve into the details of HS Code 62033320, which refers to men's or boys' suit-type jackets and blazers, not knitted or crocheted, made of synthetic fibers and containing less than 36% wool by weight.
Product Description: Men's or boys' suit-type jackets and blazers are garments designed for formal or semi-formal occasions. They are tailored and structured, providing a polished and professional look. This specific HS code refers to jackets and blazers made of synthetic fibers, excluding those that are knitted or crocheted. Additionally, these garments must contain less than 36% wool by weight.
Bound / MFN Duty Rate: The bound or Most Favored Nation (MFN) duty rate for HS Code 62033320 is 27.3%. The MFN duty rate represents the standard tariff rate that applies to all countries unless specific trade agreements or special tariff preference programs are in place.
Quantity Unit: The quantity unit for HS Code 62033320 is dozens (DOZ). This means that the jackets and blazers are typically traded and measured in multiples of twelve.
Special Tariff Preference Programs: Various countries have implemented special tariff preference programs that offer reduced or duty-free rates for imports of men's or boys' suit-type jackets and blazers falling under HS Code 62033320. Here are some examples:
Importing US States: While not specific to HS Code 62033320, it is worth noting that the data provided does not list any specific US states as importers of this particular product. However, it is crucial to remember that import and export patterns can vary over time, and this information may change.
Exporting US States: No information is available regarding the US states that export men's or boys' suit-type jackets and blazers falling under HS Code 62033320. Export data is valuable for understanding trade flows and identifying potential trading partners.
HS Code 62033320 represents men's or boys' suit-type jackets and blazers made of synthetic fibers, excluding those that are knitted or crocheted and containing less than 36% wool by weight. This HS code is subject to a bound duty rate of 27.3%, although special tariff preference programs may provide duty-free or reduced rates for specific countries. Understanding the HS code system is crucial for international trade, as it ensures consistency and clarity in the classification of goods.