When it comes to international trade, it is important to have a standardized system for classifying products. This is where the Harmonized System (HS) code comes into play. Each product is assigned a unique HS code that helps in identifying its nature and characteristics. In this article, we will explore the HS code 62112044, which refers to men's or boys' ski-suits made of wool or fine animal hair, containing under 15% weight down, and are not water-resistant or knitted/crocheted.
The HS code 62112044 provides specific details about the product in question. It identifies the material used, the composition, and certain characteristics such as water resistance and knitting or crocheting. By referring to this code, importers and exporters can ensure that the correct product is being traded and that it meets the relevant regulatory requirements.
The product described under the HS code 62112044 is specifically related to men's or boys' ski-suits. These ski-suits are made of wool or fine animal hair and contain less than 15% weight down. They are not water-resistant and are not knitted or crocheted. This detailed description helps in accurately identifying the product and differentiating it from similar items.
The bound or Most Favored Nation (MFN) duty rate for the product under HS code 62112044 is 14%. The MFN principle ensures that when 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 the duty rate of 14% will apply to this product regardless of the country of origin.
The quantity unit for the product under HS code 62112044 is dozens (DOZ). This unit of measurement indicates that the product is typically traded in multiples of twelve units. Importers and exporters can use this information to accurately calculate the quantity of the product being traded.
Several special tariff preference programs exist for the product under HS code 62112044. These programs offer reduced or duty-free rates for specific countries. The following are some examples:
These special tariff preference programs aim to promote trade and provide benefits to specific countries or regions. Importers and exporters should carefully review these programs to take advantage of the reduced or duty-free rates available.
HS code 62112044 applies to trade involving various importing and exporting US states. Importers and exporters need to be aware of the specific regulations and requirements of these states. Some of the states involved in the trade of this product include but are not limited to:
These states play a significant role in the import and export of men's or boys' ski-suits under HS code 62112044. Importers and exporters should familiarize themselves with the regulations and procedures of these states to ensure smooth trade operations.
the HS code 62112044 provides valuable information about men's or boys' ski-suits made of wool or fine animal hair, containing under 15% weight down, and are not water-resistant or knitted/crocheted. It helps in accurately classifying and identifying the product, determining the duty rate, and understanding special tariff preference programs. Importers and exporters should be aware of the specific regulations and requirements of importing and exporting US states to ensure compliance and efficient trade operations.