Women's or girls' slips and petticoats are essential garments that provide comfort, modesty, and support to women and girls. These undergarments are made of various textile materials, with the exception of man-made fibers (MMF) or cotton. The HS Code 62081950 specifically refers to slips and petticoats made of silk or silk waste, constituting 70% or more of the total weight.
When it comes to international trade, the HS Code plays a crucial role in identifying and classifying products. HS Code 62081950 ensures that slips and petticoats made primarily of silk or silk waste are categorized appropriately for customs and tariff purposes. This code is used globally to streamline trade processes, facilitate negotiations, and ensure fair trade practices.
Importing and exporting these slips and petticoats involves understanding the duty rates, quantities, and special tariff preference programs associated with HS Code 62081950. Let's delve deeper into these aspects:
The bound or Most Favored Nation (MFN) duty rate for slips and petticoats under HS Code 62081950 is 1.4%. This rate applies whenever a country decides to lower a trade barrier or open up its market. It ensures that the same goods or services from all trading partners receive equal treatment, promoting fair competition and non-discrimination in international trade.
The quantity unit for slips and petticoats under HS Code 62081950 is dozens (DOZ). This unit is commonly used to measure and trade these undergarments, allowing for easier calculation and standardization of quantities.
Slips and petticoats under HS Code 62081950 may be eligible for special tariff preference programs, offering reduced or duty-free rates for specific countries. Here are the details of these programs:
These special tariff preference programs aim to strengthen economic ties, promote regional trade, and provide incentives for importing countries to choose slips and petticoats made primarily of silk or silk waste.
The import and export of slips and petticoats under HS Code 62081950 occur between various states within the United States. The specific states involved in these transactions may vary depending on market demand, production capabilities, and trade agreements.
Overall, HS Code 62081950 ensures the accurate identification and classification of slips and petticoats made primarily of silk or silk waste. It plays a crucial role in international trade, enabling smooth customs procedures, fair tariff rates, and access to special tariff preference programs. Understanding the details surrounding this HS Code is essential for businesses and individuals involved in the import and export of women's or girls' slips and petticoats.