When it comes to the world of international trade, various codes and classifications are used to ensure smooth transactions and accurate documentation. One such code is the HS code, also known as the Harmonized System code. HS codes are used globally to classify and identify specific products for import and export purposes. In this article, we will delve into the details of HS code 62072200, which pertains to men's or boys' nightshirts and pajamas made from man-made fibers.
The HS code 62072200 specifically refers to nightshirts and pajamas for men and boys that are not knitted or crocheted. These garments are made from man-made fibers, which include synthetic materials such as polyester, nylon, and rayon. Understanding the HS code for a particular product is crucial for importers, exporters, and customs officials as it helps in determining the correct classification and duty rates.
Bound / MFN duty rate for HS code 62072200 is 16%. This means that whenever 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 duty rate of 16% is applicable to the import of men's or boys' nightshirts and pajamas made from man-made fibers, regardless of the country of origin.
The quantity unit for HS code 62072200 is dozens (DOZ). This means that the products are typically measured and traded in multiples of 12. For example, if an importer wants to bring in 100 nightshirts or pajamas, it would be specified as 8.33 dozens.
Special tariff preference programs are available for the import of men's or boys' nightshirts and pajamas under HS code 62072200. These programs offer lower duty rates or duty-free treatment for specific countries. Let's take a closer look at some of these special tariff preference programs:
For countries like Bahrain, Chile, Israel, Jordan, Mexico, Oman, Peru, and Singapore, the import of men's or boys' nightshirts and pajamas under HS code 62072200 is eligible for duty-free treatment. This means that these countries have established trade agreements or preferences with the exporting country, allowing for the exemption of customs duties.
Australia offers a special rate of 8% for the import of such garments. This means that importers from Australia will have to pay a duty rate of 8% on the value of the goods imported under HS code 62072200.
Similarly, Morocco offers a special rate of 1.6%, indicating that importers from Morocco will be subject to a duty rate of 1.6% when importing men's or boys' nightshirts and pajamas made from man-made fibers.
It is important to note that the availability of these special tariff preference programs may change over time as countries revise their trade agreements and policies. Importers and exporters are advised to stay updated with the latest trade regulations and preferential programs for HS code 62072200.
When it comes to importing men's or boys' nightshirts and pajamas under HS code 62072200 to the United States, the data provided does not specify any exporting US states. However, it is worth noting that US customs regulations and tariffs may vary based on the origin and destination of the goods. Importers and exporters are advised to consult with customs authorities or trade professionals for the most accurate and up-to-date information.
HS code 62072200 relates to men's or boys' nightshirts and pajamas made from man-made fibers. It is essential for importers and exporters to understand the HS code and its associated duty rates, quantity units, and special tariff preference programs. By complying with the relevant regulations and utilizing the available preferential programs, businesses can navigate the international trade landscape more efficiently and cost-effectively.