When it comes to international trade, it is crucial to have a standardized system for classifying goods. One such system is the Harmonized System (HS) code, which is used by over 200 countries worldwide. Each HS code corresponds to a specific product, enabling efficient and accurate trade documentation and customs procedures.
One HS code that we will be discussing in this article is 62064025. This code refers to women's or girls' blouses, shirts, and shirt-blouses that are not knitted or crocheted. These garments are made of manmade fibers and contain 36% or more of wool. Let's delve deeper into the details of this product and its trade implications.
The product covered by HS code 62064025 includes blouses, shirts, and shirt-blouses designed for women or girls. These garments are made from manmade fibers and must contain at least 36% wool. The specific materials used may vary, but the presence of wool contributes to the warmth and comfort of the clothing.
It is important to note that this HS code only applies to items that are not knitted or crocheted. Knitted or crocheted blouses, shirts, and shirt-blouses fall under different HS codes depending on their specific characteristics. Therefore, it is crucial to accurately classify the product to ensure compliance with trade regulations.
When importing goods classified under HS code 62064025, it is essential to be aware of the applicable duty rates. For this particular product, the bound or Most Favored Nation (MFN) duty rate is 56.3 cents per kilogram plus an additional 14.3% of the product's value.
It is worth mentioning that the duty rate can be subject to changes when trade barriers are lowered or markets are opened up by a country. In such cases, the country must apply the same changes to all its trading partners for the same goods or services. This principle ensures fair and equal treatment in international trade.
The quantity unit for goods classified under HS code 62064025 is dozens (DOZ). This unit of measurement is commonly used for garment products, allowing for easy tracking and calculation of quantities during trade transactions.
Certain countries have established special tariff preference programs that provide benefits or exemptions for goods imported under HS code 62064025. These programs aim to promote trade and economic cooperation between countries. Here are the special tariff rates for specific countries:
These special tariff preference programs can significantly reduce or eliminate the duty burden for importers, making the product more competitive in the market. Importers should carefully review the eligibility criteria and requirements of each program to take full advantage of the benefits.
Based on available data, the following US states are involved in importing products classified under HS code 62064025:
These states play a vital role in the importation and distribution of women's and girls' blouses, shirts, and shirt-blouses made of manmade fibers with a significant wool content. Importers and exporters should consider these states' market dynamics when planning their trade activities.
No specific information is available regarding the exporting US states for products classified under HS code 62064025. Exporting states may vary depending on factors such as production capacity, market demand, and trade relationships. It is essential for exporters to conduct market research and identify potential export destinations to maximize their business opportunities.
HS code 62064025 represents women's or girls' blouses, shirts, and shirt-blouses made of manmade fibers with a wool content of 36% or more. This HS code facilitates international trade by providing a standardized classification system for these products. Importers need to be aware of the duty rates, quantity unit, and special tariff preference programs applicable to this HS code. By understanding these details and considering the importing and exporting states, businesses can make informed decisions and seize opportunities in the global market.