Ties, bow ties, and cravats are essential accessories that add elegance and style to any outfit. These items are not only fashionable but also serve as a symbol of professionalism and sophistication. In this article, we will explore the HS Code 62152000, which specifically refers to ties, bow ties, and cravats made from man-made fibers.
HS Code 62152000 is a classification code used in international trade to identify and categorize specific products. This code is part of the Harmonized System (HS), a globally recognized system used by customs authorities to standardize the classification of goods. The HS Code 62152000 is assigned to ties, bow ties, and cravats that are not knitted or crocheted and are made from man-made fibers.
When importing products classified under HS Code 62152000, it is essential to be aware of the duty rates and special tariff preference programs associated with these items. The bound or most-favored-nation (MFN) duty rate for ties, bow ties, and cravats of man-made fibers is 24.8 cents per kilogram plus an additional 12.7% of the product value. This rate applies each time a country lowers a trade barrier or opens up a market, ensuring equal treatment for all trading partners.
The quantity unit for HS Code 62152000 is dozens (DOZ), which means that the products are typically measured and traded in multiples of 12. This unit of measurement allows for easier handling and facilitates commercial transactions.
Several special tariff preference programs are available for ties, bow ties, and cravats classified under HS Code 62152000. These programs provide certain countries with preferential treatment or duty-free access to the United States market. The following countries enjoy special rates or exemptions:
Additionally, Australia (AU) enjoys a special rate of 3%, while Morocco (MA) has a rate of 2.5? per kilogram plus an additional 1.2% of the product value.
Now let's take a closer look at the importing and exporting states for ties, bow ties, and cravats classified under HS Code 62152000. According to the available data, the main importing states in the United States are North Carolina and Ohio. These states have shown a consistent demand for these products, indicating a thriving market for ties, bow ties, and cravats made from man-made fibers.
To conclude, HS Code 62152000 encompasses ties, bow ties, and cravats made from man-made fibers. Understanding the duty rates and special tariff preference programs associated with this code is crucial for importers and exporters. The availability of preferential treatment for certain countries highlights the importance of international trade agreements in promoting fair and equal opportunities for all trading partners.