When it comes to international trade, the Harmonized System (HS) code plays a crucial role in classifying products. The HS Code 62044110 specifically refers to women's or girls' dresses, not knitted or crocheted, made of wool or fine animal hair, and containing 30 percent of silk or silk waste. Let's take a closer look at this HS code and its implications for global trade.
Under the HS Code 62044110, these dresses are categorized based on their material composition and construction. The inclusion of wool or fine animal hair, along with a significant silk component, gives these dresses a luxurious and high-quality appeal. This code helps customs authorities and traders identify and categorize these specific types of dresses for import and export purposes.
The product description is a crucial aspect of the HS code 62044110. It specifies that the dresses must be for women or girls and should not be knitted or crocheted. Additionally, the dresses must contain at least 30 percent silk or silk waste. This description helps differentiate these dresses from other types of clothing items within the broader garment industry.
The bound / MFN (Most Favored Nation) duty rate for HS Code 62044110 is 7.2%. The MFN principle ensures that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This duty rate applies every time these dresses are imported or exported, regardless of the country of origin or destination.
The quantity unit for HS Code 62044110 is dozens (DOZ), which implies that these dresses are typically traded in multiples of twelve. This unit of measurement simplifies the calculation and tracking of quantities during international trade transactions.
Several special tariff preference programs are available for dresses falling under HS Code 62044110. These programs offer reduced or zero tariff rates for specific countries or regions. The following are some examples:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing favorable treatment for specific goods. Importers and exporters should take advantage of these programs to minimize duty expenses and enhance competitiveness in the global market.
HS Code 62044110 applies to dresses imported into and exported from the United States. The specific states involved in these trade activities may vary depending on market demand and sourcing strategies. Some of the prominent importing states for dresses falling under this HS code include California, New York, Texas, Florida, and Illinois. On the other hand, major exporting states may include California, New York, Texas, Georgia, and Illinois.
Understanding the HS Code 62044110 is crucial for businesses involved in the international trade of women's or girls' dresses made of wool or fine animal hair. Compliance with the appropriate HS code and awareness of tariff preference programs can significantly impact the cost and competitiveness of these products in the global marketplace.