Gloves, mittens, and mitts are essential accessories, providing protection and warmth to our hands in various environments. HS Code 62160058 specifically refers to gloves, mittens, and mitts that are not impregnated, coated, or covered with plastics or rubber. These items are made of man-made fibers (mmf) and come with fourchettes.
The HS code system is a standardized classification system used by customs authorities worldwide to identify and categorize goods traded internationally. It helps in the smooth flow of global commerce by ensuring uniformity and clarity in customs declarations.
When importing or exporting gloves, mittens, or mitts falling under HS Code 62160058, it is important to be aware of the associated duty rates, quantity unit, and any special tariff preference programs that may apply.
The bound / Most Favored Nation (MFN) duty rate for products classified under HS Code 62160058 is 20.7 cents per kilogram (kg) plus an additional 10.4% of the value. The MFN duty rate is the standard rate applied to imports from all World Trade Organization (WTO) members unless a preferential trade agreement exists.
It is worth noting 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 principle, known as the Most Favored Nation principle, ensures non-discrimination and equal treatment among trading partners.
The quantity unit for gloves, mittens, and mitts classified under HS Code 62160058 is dozen pairs (DPR). This means that the measurement and pricing of these products are based on units of twelve pairs.
Various special tariff preference programs exist for gloves, mittens, and mitts classified under HS Code 62160058. These programs offer preferential duty rates or duty-free treatment to designated countries or regions. The following are some examples:
These special tariff preference programs aim to promote trade and economic cooperation between countries, providing certain countries with advantages in terms of reduced tariff barriers or duty-free access to specific markets.
While the specific importing US states for gloves, mittens, and mitts classified under HS Code 62160058 are North Carolina and Ohio, the exporting US states are not specified in the available data.
It is important for importers and exporters to be aware of the specific regulations, duties, and documentation requirements when engaging in international trade involving gloves, mittens, and mitts classified under HS Code 62160058. Compliance with customs regulations and understanding the applicable tariff rates and preferential programs can help businesses optimize their trading activities.