When it comes to international trade, it is essential to have a standardized system for classifying products. The Harmonized System (HS) code is an internationally recognized system that allows countries to classify goods for customs and trade purposes. In this article, we will explore the HS Code 62144000, which pertains to shawls, scarves, mufflers, mantillas, veils, and similar items made from artificial fibers.
The HS Code 62144000 specifically refers to products that are not knitted or crocheted. This means that these items are made using other techniques, such as weaving or felting, to create intricate designs and patterns. The use of artificial fibers further adds to their versatility and durability.
One important aspect to consider in international trade is the bound or most-favored-nation (MFN) duty rate. The bound duty rate for products under HS Code 62144000 is 5.3%. This rate is applicable 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 ensures fair and equitable trade practices.
The quantity unit for products under HS Code 62144000 is dozens (DOZ). This unit of measurement allows for easy calculation and management of inventory and import/export quantities.
Several special tariff preference programs apply to products under HS Code 62144000. These programs provide reduced or duty-free rates for specific countries. Some of the special tariff preference programs include:
These special tariff preference programs encourage trade between countries and create opportunities for businesses to expand their market reach.
When it comes to importing products under HS Code 62144000, the United States has specific states involved. Some of the states that import these products include North Carolina and Ohio. This information provides valuable insights for businesses looking to target specific regions for their exports.
Overall, HS Code 62144000 encompasses a wide range of shawls, scarves, mufflers, mantillas, veils, and similar items made from artificial fibers. The classification system provides clarity and uniformity in international trade, ensuring fair trade practices and facilitating economic growth.