Handkerchiefs are a common accessory that has been used for centuries. They serve multiple purposes, from wiping away tears to cleaning hands and faces. Handkerchiefs are not only functional but can also be a fashion statement, adding a touch of style to any outfit. In this article, we will explore the HS Code 62132020, which specifically refers to handkerchiefs made of cotton that are not knitted or crocheted.
The HS Code, or Harmonized System Code, is an international system used to classify and identify traded products. It provides a standardized method for customs authorities to determine tariffs, trade statistics, and regulations associated with specific goods. HS Code 62132020 specifically pertains to handkerchiefs made of cotton that are not knitted or crocheted.
When importing handkerchiefs under this HS Code, it is essential to be aware of the applicable duty rates. The bound or most-favored-nation (MFN) duty rate for HS Code 62132020 is 7.1%. This means that every time 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 rate ensures fair trade practices and equal treatment for all countries involved.
The quantity unit for handkerchiefs under HS Code 62132020 is dozens (DOZ). This unit of measurement allows for convenient calculation and tracking of the number of handkerchiefs being imported or exported.
There are also special tariff preference programs in place for handkerchiefs under HS Code 62132020. These programs offer reduced or duty-free rates for specific countries. The following countries enjoy special tariff rates for handkerchiefs:
These special tariff rates allow for preferential treatment of handkerchief imports from specific countries, promoting trade relationships and economic cooperation.
When it comes to the United States, there are specific states involved in the import and export of handkerchiefs under HS Code 62132020. The importing states include North Carolina and Ohio. These states serve as entry points for handkerchief imports into the United States, facilitating trade and distribution within the country.
Overall, HS Code 62132020 plays a crucial role in classifying and regulating handkerchiefs made of cotton that are not knitted or crocheted. It ensures fair trade practices, sets duty rates, and provides preferential treatment for specific countries. Handkerchiefs, although small in size, have a significant impact on international trade and fashion trends.