HS Code 62034240 refers to men's or boys' trousers and shorts made of cotton, excluding bibs and those that are knitted or crocheted. These garments do not contain 15% or more by weight of down or other materials. This HS code is used for international trade purposes to classify and track the import and export of these specific products.
The product description for HS Code 62034240 is quite specific. It includes trousers and shorts for men and boys, made of cotton fabric. These garments are not knitted or crocheted, and they do not have bibs. Additionally, they must not contain 15% or more by weight of down or other materials. This detailed description helps customs authorities and traders accurately identify and classify the products for import and export purposes.
The bound / MFN (Most Favored Nation) duty rate for HS Code 62034240 is 16.6%. The MFN principle states that when 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. Therefore, this duty rate applies uniformly to all countries importing or exporting men's or boys' cotton trousers and shorts under this HS code.
The quantity unit for HS Code 62034240 is dozens (DOZ). This unit of measurement indicates that the products are typically traded and counted in multiples of twelve. It is important for importers and exporters to accurately specify the quantity in dozens to ensure smooth customs clearance and trade transactions.
Various special tariff preference programs are applicable to HS Code 62034240. These programs provide specific benefits, such as reduced or zero-duty rates, for importing and exporting countries. The following programs apply to this HS code:
These special tariff preference programs can significantly impact the cost of importing or exporting men's or boys' cotton trousers and shorts under HS Code 62034240. Importers and exporters should carefully consider these programs and their eligibility to optimize their trade transactions.
Based on the available data, the following US states have imported products classified under HS Code 62034240:
It is worth noting that Vermont appears to be the primary importing state for this HS code based on the repeated mention in the data. However, these states may not represent an exhaustive list, and other US states may also engage in the importation of men's or boys' cotton trousers and shorts.
No specific information regarding the exporting US states for HS Code 62034240 is provided in the given data. Therefore, it is not possible to identify the states engaged in the exportation of these products. However, it is essential to recognize that the United States may export men's or boys' cotton trousers and shorts under this HS code to various countries worldwide.
HS Code 62034240 plays a crucial role in identifying and regulating the trade of men's or boys' cotton trousers and shorts. The detailed product description, duty rate, quantity unit, and special tariff preference programs associated with this HS code help ensure accurate classification, smooth customs clearance, and potential cost savings for importers and exporters.