When it comes to international trade, it is important to have a standardized system to classify and identify different products. This is where the Harmonized System (HS) Code comes into play. The HS Code is an internationally recognized system for classifying products and is used by customs authorities around the world to determine the appropriate duties and regulations for imported and exported goods.
One such HS Code is 62034220, which refers to men's or boys' bib and brace overalls made of cotton. These overalls are specifically not knitted or crocheted and do not contain 10 to 15% or more by weight of down or any other material.
Importing these bib and brace overalls into the United States is subject to a bound or most-favored-nation (MFN) duty rate of 10.3%. This means 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.
The quantity unit for these overalls is dozens (DOZ), which means they are usually imported and exported in multiples of twelve.
There are also special tariff preference programs in place for these bib and brace overalls. In some countries, such as Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, and Singapore, these overalls can be imported duty-free. Australia, on the other hand, has a special rate of 8% for these products.
It is worth noting that there is a specific subcategory within this HS Code, which is 9912.62.22-9912.62.23. This subcategory may have different duty rates or special rates depending on the country of import. For example, in Morocco, these overalls have a special rate, but the details are not specified.
When looking at the importing US states for these bib and brace overalls, it is clear that Vermont is the main destination. However, there are also imports to other states such as Arkansas, Maine, Mississippi, Nevada, and North Carolina.
As for the exporting US states, the data is not provided in the given information.
HS Code 62034220 refers to men's or boys' bib and brace overalls made of cotton. It is important for importers and exporters to be aware of the specific HS Code for their products in order to comply with customs regulations and determine the applicable duties and tariffs.