Men's or boys' underpants and briefs are essential clothing items that provide comfort and support. Under the HS Code 62071910, these undergarments are specifically classified as those made of textile mats (excluding cotton) and containing 70% or more weight of silk or silk waste. It is important to note that this code refers to underpants and briefs that are not knitted or crocheted.
When it comes to international trade, countries have to abide by certain regulations and tariffs. The bound or most favored nation (MFN) duty rate for HS Code 62071910 is 1.7%. This means that every time 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.
The quantity unit for importing and exporting under this HS code is measured in dozens (DOZ). This unit allows for easy tracking and quantification of the product.
There are also special tariff preference programs in place for this particular HS code. In several countries, these underpants and briefs can be imported duty-free or with reduced tariff rates. The following countries have free tariff rates for HS Code 62071910: Australia, Bahrain, Canada (under NAFTA for duty-free treatment), Chile, European Union (E), Israel (duty-free treatment), Japan, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore. Morocco has a special rate of 0.2% for importing these products.
When it comes to importing this product into the United States, the state of Maine is the primary destination. This indicates that there is a demand for men's or boys' underpants and briefs in this particular region.
Overall, HS Code 62071910 plays a crucial role in regulating the international trade of men's or boys' underpants and briefs made of silk or silk waste. The code ensures that countries adhere to certain duty rates and trade regulations, while also providing opportunities for preferential treatment in select countries. Understanding this code is essential for importers, exporters, and anyone involved in the global textile industry.