When it comes to international trade, it is essential to have a standardized system for classifying products. The Harmonized System (HS) Code is a globally recognized system that assigns a unique code to each product, facilitating trade by ensuring uniformity in customs procedures and tariffs. One such HS code is 62105070, which refers to women's or girls' garments made of textile materials, with an outer surface impregnated or covered with a rubber or plastic compound that obscures the fabric. These garments are not knitted or crocheted and fall under the category of "not elsewhere specified."
Understanding the HS code 62105070 is crucial for importers, exporters, and customs officials as it helps in accurately identifying and categorizing these specific garments. Let's delve deeper into the details of this HS code and explore its various aspects.
The product description for HS code 62105070 is as follows:
This comprehensive description provides a clear understanding of the product that falls under the HS code 62105070. It specifies that the garments are intended for women or girls and are made of textile materials. The outer surface of these garments is impregnated or covered with a rubber or plastic compound, which obscures the fabric. Additionally, it emphasizes that the garments are not knitted or crocheted.
The Bound / MFN (Most Favored Nation) duty rate for HS code 62105070 is 3.3%. This rate applies whenever a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment.
Having a standardized duty rate promotes fair trade practices and prevents discriminatory treatment among trading partners. Importers and exporters dealing with women's or girls' garments falling under HS code 62105070 need to consider this duty rate while calculating costs and determining the feasibility of international trade.
The quantity unit for HS code 62105070 is dozens (DOZ). This unit of measurement denotes the number of garments in multiples of twelve. Importers and exporters can conveniently calculate the quantity of goods they are dealing with using this standardized unit.
HS code 62105070 is eligible for various special tariff preference programs, offering different rates and exemptions. These programs aim to promote trade and economic cooperation between countries. Here are some of the notable special tariff preference programs for this HS code:
These special tariff preference programs reduce or eliminate import duties for women's or girls' garments falling under HS code 62105070. Importers and exporters can take advantage of these programs to enhance their competitiveness in the international market and facilitate trade with specific countries.
HS code 62105070 has implications for both importing and exporting US states. The importing US states are the destinations where these garments are being brought into the United States, while the exporting US states are the regions from where these garments are being shipped out of the country.
Understanding the dynamics of importing and exporting US states helps in analyzing trade patterns and identifying potential market opportunities. Importers and exporters dealing with women's or girls' garments falling under HS code 62105070 can align their strategies based on the demand and supply dynamics of specific US states.
HS code 62105070 plays a crucial role in facilitating international trade of women's or girls' garments made of textile materials with an outer surface impregnated or covered with a rubber or plastic compound that obscures the fabric. Importers, exporters, and customs officials must have a clear understanding of this HS code to ensure accurate classification, calculation of duties, and compliance with special tariff preference programs. By adhering to the standardized system of HS codes, trade barriers can be effectively overcome, leading to increased global trade and economic growth.