When it comes to international trade, various codes are used to classify different products for ease of identification and regulation. One such code is the Harmonized System (HS) code, which is used globally to classify traded goods. In this article, we will explore the HS code 62112038 and delve into its product description, duty rates, quantity unit, and special tariff preference programs.
The HS code 62112038 refers to men's or boys' trousers and breeches that are imported as parts of ski-suits. These trousers and breeches are made of textile materials other than wool and do not possess water-resistant or knitted characteristics. Additionally, they contain at least 15% weight down or other feathers.
This specific HS code allows for the precise classification and identification of these trousers and breeches, making it easier for customs authorities and traders to regulate and track their import and export.
When importing products, duty rates are applied to the goods based on their HS code. For HS code 62112038, the bound or Most Favored Nation (MFN) duty rate is 28.1%. The MFN principle states that whenever 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.
This means that regardless of the country of origin, the duty rate for men's or boys' trousers and breeches imported as parts of ski-suits will be 28.1%.
The quantity unit for HS code 62112038 is dozens (DOZ). This unit is used to measure the quantity of imported or exported trousers and breeches. It provides a standardized measurement that allows for consistent tracking and reporting.
By using dozens as the quantity unit, it becomes easier to compare and analyze trade data related to these specific products.
In international trade, certain countries have established special tariff preference programs to promote trade and economic cooperation. These programs offer reduced or zero-duty rates for specific goods imported from eligible countries.
For HS code 62112038, the following special tariff preference programs apply:
Under these programs, eligible countries can benefit from lower duty rates or duty-free treatment, encouraging trade between nations and supporting economic growth.
When it comes to the United States, certain states play a significant role in the import and export of various goods, including men's or boys' trousers and breeches. While the specific states involved may vary depending on trade patterns, some prominent importing and exporting states for HS code 62112038 are:
Importing US States:These states serve as key players in the trade of men's or boys' trousers and breeches, contributing to the overall flow of goods and international commerce.
the HS code 62112038 classifies men's or boys' trousers and breeches imported as parts of ski-suits. Understanding this code, along with its product description, duty rates, quantity unit, and special tariff preference programs, is essential for traders, customs authorities, and anyone involved in the global trade of these specific products.