The HS Code 62034940 refers to a specific category of products classified under the Harmonized System (HS) code system. In this case, it represents men's or boys' trousers, bib & brace overalls, breeches & shorts made of text materials, excluding wool, cotton, or man-made fibers (MMF), containing 70% or more weight of silk but not including knitted or crocheted items.
HS codes are used globally to standardize the classification and identification of products traded between countries. They help streamline international trade, facilitate customs procedures, and provide statistical data on imports and exports.
When importing or exporting goods, it is crucial to correctly identify and classify them under the appropriate HS code. In this case, the HS Code 62034940 specifically applies to men's or boys' trousers, bib & brace overalls, breeches & shorts made primarily of silk-based textiles.
The bound or Most Favored Nation (MFN) duty rate for the HS Code 62034940 is free. This means 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, there are no additional duties imposed on importing or exporting these products.
The quantity unit for the HS Code 62034940 is dozens (DOZ). This unit of measurement indicates that the products are typically traded and counted in multiples of twelve.
Under various special tariff preference programs, different countries offer preferential duty rates for importing products classified under the HS Code 62034940. The following are the special tariff rates applicable to this code:
These special tariff rates provide opportunities for importers and exporters to benefit from reduced or eliminated duties when trading in these specific products.
Based on available data, the following US states have been identified as importers of products classified under the HS Code 62034940:
These states have demonstrated a demand for men's or boys' trousers, bib & brace overalls, breeches & shorts made primarily of silk-based textiles.
No specific data on exporting US states for products classified under the HS Code 62034940 is available at this time. However, it is important to note that products falling under this code can be exported from any state in the US to international markets.
the HS Code 62034940 represents a specific category of men's or boys' trousers, bib & brace overalls, breeches & shorts made primarily of silk-based textiles. Understanding and correctly applying HS codes is essential for international trade, as they facilitate customs procedures, provide statistical data, and determine the applicable duty rates for importing and exporting these products.