When it comes to international trade, it is important to have a standardized system that allows for the classification of goods. The Harmonized System (HS) is a globally recognized system used for this purpose. Each product is assigned an HS code, which helps to identify and classify it based on its characteristics.
HS Code 62062030 is specifically assigned to women's or girls' blouses and shirts made of wool or fine animal hair. These garments are not knitted or crocheted, ensuring that they have a specific construction and material composition.
Under the HS code, it is important to note the bound / MFN duty rate, which stands at 17%. This means that whenever a country lowers a trade barrier or opens up a market, it has to apply the same duty rate for the same goods or services from all its trading partners. This promotes fair and equal trade practices.
The quantity unit for this particular HS code is dozens (DOZ), indicating that the goods are usually imported or exported in sets of twelve. This unit of measurement helps in determining the quantity and pricing of the products.
Additionally, there are special tariff preference programs available for goods falling under HS Code 62062030. Some countries offer duty-free treatment, while others have specific rates in place. For example:
When it comes to importing these products into the United States, the states that commonly engage in trade for women's or girls' blouses and shirts of wool or fine animal hair under HS Code 62062030 include New York, Pennsylvania, Virginia, and Maine.
Overall, understanding the HS code and its associated details is crucial for those involved in international trade. It helps to ensure proper classification, determine duty rates, and take advantage of any special tariff preference programs that may be available. The HS code serves as a universal language for trade, facilitating smooth transactions between countries and promoting economic growth.