The HS Code 62114300 refers to women's or girls' track suits or other garments made of man-made fibers that are not knitted or crocheted. This code is used for international trade purposes to classify and identify specific products.
When importing or exporting this type of garment, it is important to understand the associated duty rates and special tariff preference programs. The bound or most favored nation (MFN) duty rate for this HS code is 16%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate for the same goods or services from all its trading partners.
The quantity unit for this HS code is dozens (DOZ). This unit is commonly used to measure the quantity of garments in the international trade industry.
There are also special tariff preference programs available for this HS code. The following countries have free trade agreements or special rates for importing or exporting women's or girls' track suits or other garments under HS Code 62114300:
In addition to these special rates, there are specific rates for certain countries:
When importing or exporting these garments, it is important to be aware of the specific duty rates and special tariff preference programs that apply to each country. This knowledge can help businesses make informed decisions and optimize their international trade operations.
It is worth noting that the HS code is an internationally recognized classification system. It helps facilitate global trade by providing a standardized way to identify and categorize products. The HS code is used by customs authorities, trade organizations, and businesses worldwide to streamline trade processes and ensure compliance with import and export regulations.
By understanding the HS code and its associated data, importers and exporters can navigate the complexities of international trade more effectively, ensuring smooth transactions and compliance with applicable duties and regulations.