When it comes to international trade, it is important to have a standardized system in place to classify goods. The Harmonized System (HS) Code is a globally recognized code that is used to classify products in international trade. Each HS Code corresponds to a specific product or group of products.
One such HS Code is 62045220, which is used to classify women's or girls' skirts and divided skirts made of cotton, not knitted or crocheted. This HS Code provides clarity and consistency in identifying and categorizing these specific types of garments.
HS Code 62045220 is used by customs authorities and traders alike to determine the appropriate duties and regulations that apply to the import or export of these skirts. It helps streamline the customs clearance process and ensures that the correct tariffs are applied.
According to the data provided, the bound or most-favored-nation (MFN) duty rate for products classified under HS Code 62045220 is 8.2%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 62045220 is dozens (DOZ), which is a common unit of measurement for garments. This allows for easy calculation and tracking of the number of skirts being imported or exported.
Additionally, there are special tariff preference programs in place for products classified under HS Code 62045220. In certain countries, such as Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and others, these skirts may be eligible for duty-free treatment or reduced tariff rates.
For example, in Bahrain, these skirts are eligible for a special rate. Similarly, under the North American Free Trade Agreement (NAFTA), Canada grants duty-free treatment to these skirts. Other countries, such as Chile, Israel, Jordan, Mexico, Oman, Peru, and Singapore, also offer special rates for these products.
It is important for importers and exporters to be aware of these special tariff preference programs as it can significantly impact the cost of trading these skirts. Taking advantage of these programs can lead to cost savings and increased competitiveness in the international market.
HS Code 62045220 is applicable for importing and exporting these skirts to and from the United States. The data provided does not specify the importing or exporting US states, but it is important to note that the regulations and procedures may vary depending on the state of import or export.
Overall, HS Code 62045220 plays a crucial role in the international trade of women's or girls' skirts and divided skirts made of cotton. It provides a standardized classification system, determines the appropriate duties, and allows for the utilization of special tariff preference programs. Importers and exporters should be familiar with this HS Code to ensure compliance and take advantage of any available benefits.