The HS Code 62041200 refers to women's or girls' suits that are made of cotton and are not knitted or crocheted. This code is used to classify and identify these specific types of suits for international trade purposes. Understanding the HS code is important for importers, exporters, and customs authorities as it helps in the smooth flow of trade and ensures accurate classification of goods.
The product description clearly states that the suits covered by this HS code are specifically for women or girls and are made of cotton. This code excludes suits that are knitted or crocheted, as they fall under different classification codes.
When importing or exporting goods, it is essential to be aware of the duty rates associated with the HS code. In the case of HS Code 62041200, the bound or Most Favored Nation (MFN) duty rate is 14.9%. This means that every time a country lowers a trade barrier or opens up a market, it must do the same for the same goods or services from all its trading partners. The duty rate ensures fair and equal treatment for all trading partners.
The quantity unit for this HS code is dozens (DOZ), which means that the suits are typically traded in quantities of 12.
There are also special tariff preference programs associated with HS Code 62041200. These programs offer reduced or duty-free rates for certain countries. For example:
Additionally, there are specific rates for certain countries:
These special tariff preference programs and rates aim to promote trade and economic cooperation between countries by offering incentives for importing and exporting specific goods.
In terms of importing to the United States, states such as Vermont, Arkansas, Maine, Mississippi, Nevada, and North Carolina have been identified as the primary importers of women's or girls' cotton suits under HS Code 62041200. These states have a consistent demand for such products, which highlights the popularity and market demand for this type of clothing.
On the other hand, the data does not provide specific information about the exporting states within the United States. However, it can be inferred that the exporting states would include those with manufacturing capabilities and a strong textile industry.
HS Code 62041200 is an important classification code for women's or girls' suits made of cotton. It helps in accurately identifying and categorizing these suits for international trade purposes. Understanding the duty rates, quantity unit, and special tariff preference programs associated with the code is crucial for importers, exporters, and customs authorities. This information ensures fair trade practices and facilitates the smooth movement of goods across borders.