When it comes to international trade, understanding the Harmonized System (HS) codes is crucial. These codes are used to classify and identify products for customs purposes. In this article, we will delve into the details of HS Code 62059005, which refers to men's or boys' shirts made of wool or fine animal hair.
The product description of HS Code 62059005 specifies that it includes shirts for men and boys, made of wool or fine animal hair. These shirts are not knitted or crocheted and are certified as hand-loomed and folklore products. This code helps customs authorities and traders to accurately identify and classify these specific types of shirts.
It is important to note that the HS code is mentioned several times in this article to highlight its significance and relevance to the topic at hand.
The Bound / MFN duty rate for HS Code 62059005 is 9.2%. The Most Favored Nation (MFN) principle states that whenever 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 this specific product is imported.
The quantity unit for HS Code 62059005 is dozens (DOZ). This means that the measurement and trade of these shirts are typically done in multiples of twelve.
There are various special tariff preference programs available for imports of men's or boys' shirts under HS Code 62059005. These programs provide specific trade benefits and preferential treatment to eligible countries. Here are some examples:
Each of these countries or regions has a special rate or duty-free treatment for the importation of men's or boys' shirts under this HS code. These special tariff preference programs aim to promote trade and strengthen economic ties between countries.
HS Code 62059005 is relevant for importing men's or boys' shirts made of wool or fine animal hair to the following US states:
Traders and businesses based in these states can utilize this HS code to import these specific shirts and benefit from the applicable duty rates and tariff preference programs.
HS Code 62059005 also applies to the exporting of men's or boys' shirts made of wool or fine animal hair from the United States. While the specific exporting states are not mentioned in the data provided, it is important to note that this HS code is relevant for US exporters who deal with these types of shirts.
HS Code 62059005 plays a crucial role in classifying and identifying men's or boys' shirts made of wool or fine animal hair for international trade purposes. Traders and businesses involved in the import or export of these shirts can benefit from understanding the associated duty rates and special tariff preference programs. By using this HS code, they can navigate the customs procedures and take advantage of the trade opportunities available.