Garments are an essential part of our everyday lives, providing us with comfort, style, and protection. In the world of international trade, these garments are identified and classified using a specific code known as the Harmonized System (HS) code. In this article, we will delve into the details of HS Code 62101090, which refers to garments made up of fabrics of heading 5602 or 5603, not formed or lined with paper, and not of a kind normally carried in the pocket or handbag.
HS Code 62101090 pertains to garments that are not specifically classified under any other HS code. These garments are made up of fabrics falling under heading 5602 or 5603, which include nonwovens, felt, and other textile fabrics. It is important to note that these garments are not formed or lined with paper and are not typically small enough to be carried in a pocket or handbag.
The bound or most-favored-nation (MFN) duty rate for HS Code 62101090 is 16%. 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 16% duty rate is applied to the value of the garments being imported.
The quantity unit for HS Code 62101090 is dozens (DOZ). This unit of measurement is commonly used in the garment industry to indicate the quantity of garments being imported or exported. A dozen refers to a group of twelve garments.
Several special tariff preference programs are applicable to HS Code 62101090. These programs provide certain countries with reduced or duty-free treatment when importing or exporting garments under this HS code.
These special tariff preference programs aim to promote trade and enhance economic cooperation between the countries involved. They provide incentives for businesses to engage in international trade and foster mutually beneficial relationships.
HS Code 62101090 applies to garments being imported into and exported from the United States. As an international trade code, it is relevant to all states within the United States.
Whether you are a business involved in the import or export of garments or simply a curious individual interested in understanding the intricacies of international trade, HS Code 62101090 provides valuable information for identifying and classifying garments made from specific fabric types. By using the HS code system, countries can ensure uniformity and accuracy in trade data, facilitating smoother international transactions and fostering global economic growth.