When it comes to international trade, it is important to have a standardized system for classifying products. This is where the Harmonized System (HS) codes come into play. HS codes are used by countries all over the world to classify goods for customs and statistical purposes. In this article, we will take a closer look at HS Code 62033990.
HS Code 62033990 refers to men's or boys' suit-type jackets and blazers made of certain text materials. These materials exclude wool, cotton, or man-made fibers (mmf). Additionally, the jackets and blazers should contain less than 70% silk by weight and should not be knitted or crocheted.
It is important to note that HS codes are not just random numbers. They contain specific information about the product being classified. In the case of HS Code 62033990, it tells us that the product is a suit-type jacket or blazer for men or boys. The code also provides information about the materials used and their composition.
Now let's dive deeper into the details of HS Code 62033990.
The product covered by HS Code 62033990 is a suit-type jacket or blazer designed for men or boys. These jackets and blazers are made of text materials, excluding wool, cotton, or man-made fibers (mmf). They should contain less than 70% silk by weight and should not be knitted or crocheted.
The bound or most-favored-nation (MFN) duty rate for products classified under HS Code 62033990 is 6.5%. The MFN duty rate is the rate applied to imports from all trading partners when a country lowers a trade barrier or opens up a market. This means that regardless of the country of origin, the duty rate remains the same.
The quantity unit for products classified under HS Code 62033990 is dozens (DOZ). This means that the jackets and blazers are typically traded and measured in multiples of twelve.
There are several special tariff preference programs associated with HS Code 62033990. These programs offer preferential duty rates or duty-free treatment for importing countries. Here are some of the programs and their associated duty rates:
These special tariff preference programs aim to promote trade and strengthen economic ties between countries by reducing or eliminating customs duties for specific products.
While the data provided does not specify the exporting US states, it does mention that the importing US state for products classified under HS Code 62033990 is Vermont. This means that Vermont is a significant destination for the importation of men's or boys' suit-type jackets and blazers made of specific text materials.
HS Code 62033990 represents men's or boys' suit-type jackets and blazers made of certain text materials, excluding wool, cotton, or mmf. It provides important information about the product's composition, duty rates, quantity unit, and special tariff preference programs. Understanding HS codes is essential for international trade and helps ensure smooth customs processes and accurate trade statistics.