When it comes to international trade, it is essential to have a standardized system to classify goods. The Harmonized System (HS) Code is a globally recognized system used for this purpose. Each product is assigned a unique HS Code, which helps in identifying and categorizing goods for import and export. In this article, we will focus on HS Code 62105030, which pertains to women's or girls' garments made of certain types of fabrics and with specific characteristics.
The product description for HS Code 62105030 is "Women's or girls' garments, nesoi, of fab of 5903/5906/5907, of mmf, w/outer sur. impreg/coated/etc. w/rub/plast compl obscuring fab, n k/c." Let's break down this description to understand it better:
Now that we understand the product description, let's explore some additional information related to HS Code 62105030.
Bound / MFN duty rate: The Bound / MFN duty rate for HS Code 62105030 is 3.8%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 3.8% to all goods or services from its trading partners. This rate ensures fair and equal treatment for all countries involved in international trade.
Quantity unit: The quantity unit for HS Code 62105030 is dozens (DOZ). This unit of measurement indicates that the garments are typically traded or sold in groups of twelve.
Special tariff preference programs: Some countries have special tariff preference programs in place for HS Code 62105030. These programs offer reduced or zero-duty rates to promote trade and economic cooperation. Here are the special tariff preference programs applicable to this HS Code:
These special tariff preference programs incentivize trade between countries and help lower the cost of importing and exporting garments under HS Code 62105030.
When it comes to importing and exporting goods, it is also important to consider the specific US states involved. While the data for importing and exporting US states is not provided in the given information, it is crucial to understand the trade dynamics between different states. Factors such as transportation infrastructure, market demand, and proximity to manufacturers can significantly impact trade flows.
HS Code 62105030 represents women's or girls' garments made of specific fabrics and with certain characteristics. Understanding the HS Code and its associated product description is crucial for international trade. The Bound / MFN duty rate, quantity unit, and special tariff preference programs further influence the import and export of these garments. By comprehending the intricacies of HS Code 62105030, businesses and individuals can navigate the global trade landscape more effectively.