The HS Code 62053015 refers to a specific category of products: Men's or boys' shirts made of manmade fibers, which contain 36 percent or more of wool or fine animal hair. These shirts are not knitted or crocheted and fall under the classification of "nesoi" (not elsewhere specified or included). This HS code is used for customs purposes to classify and track international trade of these specific shirts.
When importing or exporting these shirts, it is important to understand the regulations and tariffs associated with the HS Code 62053015. The bound or most-favored-nation (MFN) duty rate for these shirts is 49.6 cents per kilogram (kg) plus an additional 19.7% of the value. This means that for every kilogram of shirts imported, a duty of 49.6 cents plus 19.7% of the value will be applied.
It is also important to note that if 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 principle ensures fair and equal treatment for all trading partners and promotes free trade.
The quantity unit for these shirts is measured in dozens (DOZ), which means that they are typically imported or exported in groups of twelve. This unit of measurement helps to facilitate trade and simplify logistics.
There are also special tariff preference programs associated with the HS Code 62053015. Some countries offer duty-free treatment for these shirts, while others apply a specific preferential rate. For example, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, and Singapore all offer duty-free treatment for these shirts. On the other hand, Australia applies a special rate of 8% for imports of these shirts. It is important to consult the specific regulations and agreements of each country to determine the applicable tariff rates.
For importing into the United States, the states of New York, Pennsylvania, Virginia, and Maine are known to be significant importers of these shirts. These states have a demand for these products and may have established distribution networks or retail markets for them.
When exporting from the United States, the specific states are not mentioned in the provided data. However, it is important for exporters to consider the demand and market conditions in different countries to identify potential export destinations for these shirts.
the HS Code 62053015 represents a specific category of men's or boys' shirts made of manmade fibers, containing a certain percentage of wool or fine animal hair. Understanding the regulations, tariffs, and special tariff preference programs associated with this HS code is crucial for importers and exporters in order to comply with customs requirements and optimize international trade opportunities.