HS Code 62045100: Women's or girls' skirts and divided skirts, not knitted or crocheted, of wool or fine animal hair
Women's fashion has always been a prominent industry, and one of the key items in any woman's wardrobe is undoubtedly a skirt. Skirts come in various styles, materials, and designs, catering to different preferences and occasions. In this article, we will explore the HS Code 62045100, which specifically refers to women's or girls' skirts and divided skirts made of wool or fine animal hair.
HS Code 62045100 is a unique code used to classify and identify this specific category of skirts for trade and customs purposes. It provides a standardized system for international trade, allowing countries to regulate and monitor the import and export of goods accurately.
The product description states that the skirts falling under this HS Code are not knitted or crocheted, emphasizing the use of wool or fine animal hair as the primary material. This specification ensures that the skirts are of high quality and are suitable for colder seasons or formal occasions.
When it comes to international trade, countries often impose specific duties on imported goods to protect domestic industries or generate revenue. The bound or MFN (Most Favored Nation) duty rate for HS Code 62045100 is 14%. This means that whenever a country lowers trade barriers or opens up its market, it must do so for the same goods or services from all its trading partners. This principle promotes fairness and equality in global trade.
The quantity unit for this HS Code is dozens (DOZ), which indicates that the skirts are typically traded and measured in groups of twelve. This unit helps streamline the trading process and simplifies calculations for importers and exporters.
In addition to the bound duty rate, several special tariff preference programs exist for HS Code 62045100. These programs offer reduced or zero tariffs for specific countries as a result of trade agreements or regional preferences. Some notable examples include:
- Bahrain (BH)
- Canada (CA) under NAFTA (North American Free Trade Agreement)
- Chile (CL)
- Israel (IL)
- Jordan (JO)
- Mexico (MX) under NAFTA
- Peru (P) under the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA)
- Singapore (SG)
These special tariff preference programs aim to foster closer economic ties between countries and promote international cooperation.
It is important to note that different importing and exporting US states may have varying regulations and requirements when it comes to HS Code 62045100. Importers and exporters must be aware of these state-specific rules to ensure compliance and smooth trading operations.
HS Code 62045100 encompasses women's or girls' skirts and divided skirts made of wool or fine animal hair. This HS Code provides a standardized classification system for international trade, facilitating the regulation and monitoring of goods. Importers and exporters should pay attention to the bound duty rate, quantity unit, and special tariff preference programs associated with this HS Code to navigate the global market effectively.
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