When it comes to international trade, the identification and classification of products is crucial. The Harmonized System (HS) code is an internationally recognized system used for this purpose. In this article, we will delve into the details of HS Code 62071990, which refers to men's or boys' underpants and briefs made of textile mats (excluding cotton), containing less than 70% by weight of silk or silk waste, and not knitted or crocheted.
Under this HS code, the product description clearly outlines the specific characteristics of the underpants and briefs. It specifies that the textile mats used in the manufacture of these garments should not be made of cotton. Additionally, the silk content should be below 70% by weight, and the garments must not be knitted or crocheted.
For trade purposes, it is important to consider the duty rates associated with HS Code 62071990. The bound or most-favored-nation (MFN) duty rate for this code is set at 10.5%. This means that every time a country reduces trade barriers or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for this HS code is measured in dozens (DOZ). This unit of measurement is commonly used in the textile industry to quantify the number of garments being traded.
When it comes to special tariff preference programs, HS Code 62071990 enjoys various benefits depending on the country of import. Some countries provide duty-free treatment for these underpants and briefs, while others offer reduced tariff rates. Let's take a closer look at some of the programs:
It is worth noting that Australia and Morocco also have special tariff rates for HS Code 62071990. Australia offers an 8% tariff rate, while Morocco provides a 1% tariff rate for the importation of these garments.
When it comes to the United States, the state of Maine is a prominent importer of underpants and briefs classified under HS Code 62071990. However, information regarding the exporting states is not available in the provided data.
HS Code 62071990 encompasses men's or boys' underpants and briefs made of textile mats (excluding cotton), containing less than 70% silk or silk waste, and not knitted or crocheted. The duty rate associated with this code is 10.5%, and the quantity unit is measured in dozens. Various countries offer special tariff rates and preferential treatment for the importation of these garments, including duty-free treatment in some cases. Understanding the HS code and its associated details is essential for international trade and commerce.