Gloves, mittens, and mitts are essential accessories that help protect our hands from various elements and provide warmth during colder seasons. HS Code 62160026 specifically refers to gloves, mittens, and mitts that are not intended for sports use, without fingers, and are not cut and sewn from pre-existing fabric. These products must also contain less than 50% weight cotton or man-made fibers and are not classified as knitted or crocheted.
When it comes to international trade, HS codes play a crucial role in identifying and categorizing different products. They are used by customs authorities to determine the applicable duties, taxes, and regulations for specific goods. HS Code 62160026 helps streamline the import and export process for gloves, mittens, and mitts, making it easier for businesses to engage in global trade.
These specifications ensure that the products falling under HS Code 62160026 are distinct from other types of gloves, mittens, and mitts. This specific code helps customs authorities accurately classify and regulate the import and export of these items.
The Bound / MFN (Most Favored Nation) duty rate for HS Code 62160026 is 7%. The MFN principle states 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 ensures fair and non-discriminatory treatment for all countries involved in international trade.
The quantity unit for HS Code 62160026 is a dozen pairs (DPR). This unit of measurement helps standardize the quantity of gloves, mittens, and mitts being imported or exported, making it easier to calculate costs and track inventory.
Several countries and trade agreements offer special tariff preference programs for goods classified under HS Code 62160026. These programs aim to promote trade and provide certain benefits or exemptions for eligible imports. Here are some of the special tariff preference programs applicable to this HS code:
These special tariff preference programs can significantly impact the cost of importing or exporting gloves, mittens, and mitts under HS Code 62160026. Businesses can take advantage of these programs to reduce import duties and remain competitive in the global market.
While HS Code 62160026 applies to international trade, it is also relevant for businesses operating within the United States. Here are some of the US states that import gloves, mittens, and mitts under this HS code:
These states play a significant role in the importation and distribution of gloves, mittens, and mitts falling under HS Code 62160026. Understanding the importing states helps businesses identify potential customers and establish strategic partnerships within the US market.
Although the data does not provide specific information on the exporting US states, it is important to note that various states within the country manufacture and export gloves, mittens, and mitts. These products contribute to the global supply chain and cater to the demand of international markets.
HS Code 62160026 classifies gloves, mittens, and mitts that are not intended for sports use, without fingers, and not cut and sewn from pre-existing fabric. Understanding this HS code is crucial for businesses involved in the import and export of these products, as it helps determine applicable duties, identify special tariff preferences, and establish market opportunities.