When it comes to international trade, it is essential to have a standardized system for classifying products. The Harmonized System (HS) code is a universal code used by countries worldwide to classify traded goods. Each HS code represents a specific product, making it easier for customs authorities to identify and categorize imports and exports. In this article, we will explore the HS code 62043920, which refers to women's or girls' suit-type jackets and blazers.
The product description for HS code 62043920 is as follows: Women's or girls' suit-type jackets & blazers, not knitted or crocheted, of artificial fibers, containing 36% or more of wool or fine animal hair. This code specifically applies to jackets and blazers made for women or girls, excluding those that are knitted or crocheted. The material composition must consist of artificial fibers with a minimum wool or fine animal hair content of 36%.
Bound / MFN duty rate for HS code 62043920 is 37.1 cents per kilogram plus 16.8%. This means that for every kilogram of product imported under this HS code, a duty of 37.1 cents is applied, in addition to 16.8% of the product's value. It's important to note that duty rates can vary depending on trade agreements and tariff preference programs.
The quantity unit for HS code 62043920 is dozens (DOZ). This means that the product is typically measured and traded in units of twelve.
Several special tariff preference programs are applicable to imports under HS code 62043920. These programs offer reduced or zero-duty rates for eligible countries. Here are some examples:
It's important to stay informed about the specific tariff preference programs applicable to your country and trading partners to take advantage of any reduced or zero-duty rates.
When importing goods under HS code 62043920 into the United States, it is crucial to consider the regulations and requirements of the exporting US states. Different states may have specific laws or restrictions regarding the importation of certain products. Therefore, it is advisable to familiarize yourself with the regulations of the exporting US state to ensure a smooth and compliant import process.
HS code 62043920 represents women's or girls' suit-type jackets and blazers made of artificial fibers, with a significant wool or fine animal hair content. Understanding the HS code and its associated duty rates and tariff preference programs is essential for importers and exporters engaged in international trade. By adhering to the regulations and taking advantage of applicable tariff preference programs, businesses can optimize their trade operations and ensure compliance with customs requirements.