The HS Code 62041100 refers to women's or girls' suits that are made of wool or fine animal hair and are not knitted or crocheted. This code is used to classify and categorize these specific types of suits for international trade purposes.
When importing or exporting goods, it is important to understand the HS Code as it helps in determining the applicable customs duties and tariffs. The HS Code acts as a universal classification system that is recognized and used by countries worldwide.
For this particular HS Code, the bound or MFN (Most Favored Nation) duty rate is 14%. 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 14% duty rate is applicable to women's or girls' suits of wool or fine animal hair that fall under HS Code 62041100.
The quantity unit for this HS Code is a number (NO), which signifies that the quantity of suits being imported or exported is measured in numbers or individual units.
There are also special tariff preference programs available for women's or girls' suits under HS Code 62041100. These programs provide certain countries with preferential tariff rates or even duty-free treatment. Here are some examples:
These special tariff preference programs provide various benefits for importers or exporters of women's or girls' suits under HS Code 62041100, including reduced or eliminated tariffs and duties.
Based on the available data, the importing US states for these suits are Vermont, Arkansas, Maine, Mississippi, Nevada, and North Carolina. These states are the destinations where the suits are being imported into.
On the other hand, the exporting US states are not specified in the provided data. However, it is important to note that the exporting US states would be the places where these suits are being manufactured or sourced from for international trade.
HS Code 62041100 represents women's or girls' suits made of wool or fine animal hair that are not knitted or crocheted. Understanding the HS Code is essential for importers and exporters as it helps determine applicable customs duties and tariffs. Additionally, special tariff preference programs can provide benefits such as reduced or duty-free treatment for certain countries. Importing US states for these suits include Vermont, Arkansas, Maine, Mississippi, Nevada, and North Carolina.