The Harmonized System (HS) Code 62113905 refers to a specific category of products: Men's or boys' track suits or other garments made of wool or fine animal hair. This code is used for customs classification and tariff purposes, providing a standardized system for the identification and classification of goods traded internationally.
The product description associated with HS Code 62113905 specifies that it includes track suits or other similar garments for men or boys. These garments are not knitted or crocheted and are made of wool or fine animal hair. The use of natural fibers like wool enhances the quality and warmth of the garments, making them suitable for colder climates.
The bound or Most Favored Nation (MFN) duty rate for HS Code 62113905 is 12%. 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. Therefore, the 12% duty rate applies consistently to track suits or similar garments made of wool or fine animal hair imported from any trading partner.
The quantity unit for HS Code 62113905 is dozens (DOZ). This unit of measurement indicates that the products are typically traded and recorded in multiples of twelve.
Several special tariff preference programs are available for track suits or similar garments falling under HS Code 62113905. These programs provide reduced or duty-free rates for importing countries under specific conditions. The following special tariff preference programs apply:
These programs offer various trade advantages, such as duty-free treatment or reduced tariff rates, to promote international trade and economic cooperation between countries.
HS Code 62113905 is relevant for trade between the United States and various exporting countries. The specific importing and exporting US states for this HS Code may vary depending on market demand and trading relationships. However, common importing and exporting US states for men's or boys' track suits or similar garments made of wool or fine animal hair may include New York, California, Texas, Florida, and Illinois, among others.
Understanding HS Code 62113905 is essential for importers, exporters, and customs authorities involved in the international trade of men's or boys' track suits or other garments made of wool or fine animal hair. It enables proper classification, accurate tariff assessment, and compliance with trade regulations and agreements.