When it comes to international trade, various codes are used to categorize products for import and export purposes. One such code is the Harmonized System (HS) code, which is an internationally standardized system for classifying goods. Each HS code represents a specific product or group of products, allowing for easy identification and tracking.
In this article, we will focus on HS Code 62059007, which pertains to men's or boys' shirts made of wool or fine animal hair, excluding those that are knitted or crocheted. This code helps customs officials, traders, and other stakeholders to classify and regulate the import and export of these specific shirts.
The product description for HS Code 62059007 is "Men's or boys' shirts, not knitted or crocheted, of wool or fine animal hair, nesoi." This means that the code applies to shirts made from wool or fine animal hair that are not created using knitting or crocheting techniques. The term "nesoi" stands for "not elsewhere specified or included," indicating that this HS code covers shirts that do not fall under any other specific subcategory of men's or boys' shirts.
For goods classified under HS Code 62059007, the bound or most-favored-nation (MFN) duty rate is 17.5%. The MFN duty rate is the rate applied to imports from a particular country, regardless of any preferential trade agreements or special tariff programs. 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 62059007 is dozens (DOZ). This means that the measurement and trading of these shirts are typically done in multiples of dozens.
Special tariff preference programs can provide certain countries with reduced or eliminated duties for specific products. For HS Code 62059007, the following special tariff preference programs apply:
These special tariff preference programs allow for reduced or waived duties for importing countries, depending on their trade agreements with the exporting countries. It is important for traders to be aware of these programs to take advantage of any cost-saving opportunities.
For HS Code 62059007, the following US states are involved in importing these shirts:
These states are likely to have a demand for men's or boys' shirts made of wool or fine animal hair, leading to their importation from other countries.
While the data provided does not specify the exporting US states for HS Code 62059007, it is important to note that the United States can also export these shirts to other countries. The exporting states would depend on various factors, including production capabilities, trade agreements, and market demand.
HS Code 62059007 represents men's or boys' shirts made of wool or fine animal hair, excluding those that are knitted or crocheted. This code helps in the classification, regulation, and tracking of these specific shirts for import and export purposes. Traders and stakeholders involved in the international trade of these shirts should be aware of the bound duty rate, quantity unit, special tariff preference programs, and the states involved in importing and potentially exporting these products.