When it comes to international trade, it is essential to have a standardized system to classify and identify different products. The Harmonized System (HS) code is a globally recognized system for classifying goods, and it plays a crucial role in facilitating international trade. In this article, we will explore the HS code 62111210, which refers to women's or girls' swimwear made of man-made fibers and not knitted or crocheted.
The HS code 62111210 specifically applies to swimwear for women and girls, which is made of man-made fibers. This code excludes swimwear that is knitted or crocheted, as those fall under different HS codes. It is important to note that HS codes provide a detailed description of the product, ensuring that there is no ambiguity in its classification.
The quantity unit for this particular HS code is dozens (DOZ). This means that the quantity of swimwear being imported or exported is measured in dozens. It is a convenient unit for trade purposes as it simplifies calculations and allows for easy tracking of quantities.
Now, let's talk about the duty rates associated with HS code 62111210. The bound or most-favored-nation (MFN) duty rate for this code is 11.8%. The MFN duty rate is the rate that applies to imports from a country that does not have a preferential trade agreement or special tariff treatment. It is important to note that the duty rate can vary depending on the country and trade agreements in place.
Speaking of special tariff preference programs, HS code 62111210 enjoys different rates under various programs. In Bahrain (BH), Canada (CA), Chile (CL), Israel (IL), Jordan (JO), Mexico (MX), Oman (OM), Panama (P), Peru (PE), and Singapore (SG), the swimwear under this HS code is duty-free. This means that imports of women's or girls' swimwear made of man-made fibers, not knitted or crocheted, from these countries enjoy preferential treatment and are exempt from duties.
For Australia (AU), the special rate under this HS code is 8%. This means that imports of swimwear falling under this code from Australia will be subject to an 8% duty rate. Similarly, for Morocco (MA), the special rate is 1.3%, implying that imports of swimwear from Morocco will be subject to a 1.3% duty rate.
It is important for both importing and exporting countries to be aware of the specific HS code for the products they are dealing with. This ensures accurate classification, proper documentation, and adherence to applicable duty rates and trade agreements.
HS code 62111210 refers to women's or girls' swimwear made of man-made fibers and not knitted or crocheted. This code is essential in international trade as it enables standardized classification and facilitates smoother cross-border transactions. Understanding the HS code and its associated duty rates and tariff preference programs is crucial for businesses and governments alike to ensure compliance and benefit from preferential trade agreements.