The Harmonized System (HS) Code 62043120 represents women's or girls' suit-type jackets and blazers made of wool or fine animal hair. These garments are not knitted or crocheted and contain less than 30% silk by weight. In this article, we will provide a comprehensive overview of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
HS Code 62043120 refers to suit-type jackets and blazers designed for women or girls. These garments are made of wool or fine animal hair and are not knitted or crocheted. Additionally, they contain less than 30% silk by weight. The inclusion of silk adds a touch of luxury and elegance to these jackets and blazers, making them suitable for formal occasions and professional settings.
The bound or Most Favored Nation (MFN) duty rate for HS Code 62043120 is 17.5%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate for the importation of women's or girls' suit-type jackets and blazers from all its trading partners. It promotes fair trade practices and ensures equal opportunities for all countries in the international market.
The quantity unit for HS Code 62043120 is dozens (DOZ). This unit of measurement signifies that these jackets and blazers are typically imported or exported in multiples of twelve. It provides a convenient way to track and quantify the volume of trade for these specific garments.
Several countries offer special tariff preference programs for the importation of women's or girls' suit-type jackets and blazers under HS Code 62043120. These programs aim to encourage trade and foster economic cooperation between nations. The following are the special tariff rates offered by different countries:
These special tariff preference programs provide cost advantages for importers and promote bilateral trade relationships between the countries involved. Importers can take advantage of these programs to reduce their import costs and increase their competitiveness in the market.
HS Code 62043120 is relevant for import and export activities in the United States. Importers and exporters in various states engage in trade involving women's or girls' suit-type jackets and blazers falling under this HS code. The specific importing and exporting US states for these garments may vary depending on market demand and business preferences.
It is essential for businesses involved in international trade to stay updated on the relevant HS codes and their associated products. This knowledge helps in accurately classifying goods, determining duty rates, and taking advantage of applicable tariff preference programs. HS Code 62043120 serves as a crucial reference for importers, exporters, and customs authorities, facilitating smooth and efficient trade operations.