In international trade, the Harmonized System (HS) Code is used to classify and identify different products. Each HS Code represents a specific product, allowing government authorities, customs officials, and businesses to accurately categorize and track goods. One such HS Code is 62034920, which refers to men's or boys' trousers, breeches, and shorts made of artificial fibers, not knitted or crocheted, not elsewhere specified or included.
When importing or exporting products with HS Code 62034920, it is essential to understand various details related to duties, quantity units, and special tariff preference programs.
The bound or most-favored-nation (MFN) duty rate for products classified under HS Code 62034920 is 27.9%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate for the same goods or services from all its trading partners.
The quantity unit for products under HS Code 62034920 is dozens (DOZ). This unit is commonly used to measure the quantity of products in the apparel industry.
There are several special tariff preference programs applicable to products classified under HS Code 62034920. These programs offer reduced or duty-free rates for imports from specific countries. The following are the special tariff preference programs and their corresponding rates:
These special tariff preference programs aim to promote trade between countries and provide economic benefits to encourage imports and exports.
Based on the available data, the following US states have imported products classified under HS Code 62034920:
It is important for businesses and traders in these states to be aware of the specific HS Code and its implications for importing these men's or boys' trousers, breeches, and shorts.
Unfortunately, the available data does not provide information about the US states that export products classified under HS Code 62034920. However, it is crucial to note that this information may vary depending on trade flows and market dynamics.
Overall, understanding HS Code 62034920 and its related details is vital for importers, exporters, customs officials, and other stakeholders involved in international trade. By accurately classifying products and complying with applicable duty rates and tariff preference programs, businesses can navigate the complexities of global commerce more efficiently.