The HS Code 62034980 refers to a specific category of products: Men's or boys' trousers, bib & brace overalls, breeches & shorts, made of text mats (excluding wool, cotton, or man-made fibers), containing less than 70% by weight of silk, and not knitted or crocheted.
When importing or exporting goods, it is important to correctly identify the HS code to ensure accurate classification and proper documentation. The HS code is an internationally recognized system for classifying traded products, developed by the World Customs Organization (WCO). It is used by customs authorities around the world to determine the applicable tariffs, trade statistics, and regulations for specific goods.
Men's or boys' trousers, bib & brace overalls, breeches & shorts, of text mats (except wool, cotton, or mmf), containing less than 70% by weight of silk, not knitted or crocheted.
The bound / MFN (Most Favored Nation) duty rate for HS Code 62034980 is 2.8%. 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 duty rate is the percentage of the product's value that must be paid as import duty when bringing the goods into a country.
The quantity unit for HS Code 62034980 is dozens (DOZ). This means that the goods are typically traded and measured in multiples of 12.
There are several special tariff preference programs for HS Code 62034980:
These special tariff preference programs provide certain countries or products with reduced or duty-free treatment when importing or exporting goods under HS Code 62034980. For example, the goods may be exempted from import duties or subject to a lower tariff rate.
Based on the available data, the following US states are known to import goods under HS Code 62034980:
These states have been identified as importers of men's or boys' trousers, bib & brace overalls, breeches & shorts made of text mats, containing less than 70% silk, and not knitted or crocheted.
Understanding and correctly applying the HS code is crucial for international trade. It ensures compliance with customs regulations, facilitates accurate tariff calculations, and enables the collection of trade statistics. Importers and exporters should consult the official HS code classification and seek professional advice to ensure proper classification and compliance with applicable regulations.