HS Code 62052010 refers to a specific category of products under international trade classification. In this case, it represents men's or boys' shirts made of cotton, which are not knitted or crocheted. These shirts are also certified as hand-loomed and considered as folklore products.
When it comes to international trade, understanding the HS code is essential for importers, exporters, and customs officials. The HS code provides a uniform system for classifying goods, enabling smooth trade operations and accurate documentation. It helps in identifying the product category, determining customs duties, and applying special tariff preference programs.
The product description mentioned in the HS code 62052010 specifies that the shirts are made of cotton and are not knitted or crocheted. Additionally, these shirts are certified as hand-loomed and considered as folklore products. This certification adds value to the shirts as it signifies traditional craftsmanship and cultural significance.
Under the bound/MFN (Most Favored Nation) duty rate, the applicable tariff for this category of shirts is 8.7%. The bound duty rate is a commitment made by a country to maintain a specific tariff level for a particular product. It ensures that the country does not discriminate against any trading partner and offers the same trade conditions to all.
The quantity unit for this HS code is dozens (DOZ), which means that the shirts are typically imported or exported in multiples of twelve.
In terms of special tariff preference programs, several countries offer favorable treatment for importing these shirts. The following countries apply a duty rate of 0%: Bahrain (BH), Canada (CA) under NAFTA (North American Free Trade Agreement), Chile (CL), European Union (E), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), and Singapore (SG).
Another country, Australia (AU), applies a duty rate of 7.8% for importing these shirts. Additionally, there is a specific detail mentioned for Morocco (MA), which requires referring to codes 9912.62.76-9912.62.77 for the applicable duty rate.
Importing of these shirts into the United States is commonly done by several states. The states that import these shirts include New York, Pennsylvania, Virginia, and Maine. These states play a significant role in the trade of men's or boys' shirts under HS code 62052010.
On the other hand, the exporting states within the United States for this category of shirts are not specified in the provided data.
HS Code 62052010 represents men's or boys' shirts made of cotton, which are not knitted or crocheted. These shirts are certified as hand-loomed and considered as folklore products. The code helps in classifying the shirts, determining customs duties, and applying special tariff preference programs. Several countries offer duty-free treatment for importing these shirts, while others apply specific duty rates. Importing of these shirts is common in states like New York, Pennsylvania, Virginia, and Maine.