In the world of international trade, HS codes play a vital role in classifying products and determining their import and export duties. In this article, we will delve into the details of HS Code 65010060, which covers hat forms, hat bodies, hoods, plateaux, and manchons made of fur felt, specifically those not intended for men or boys.
HS Code 65010060 encompasses various items related to hat manufacturing, including hat forms, hat bodies, hoods, plateaux, and manchons. These products are specifically described as not being blocked to shape or having made brims. The use of fur felt as the primary material further defines the scope of this HS code.
It is important to note that the products falling under this HS code are specifically designed for individuals other than men or boys. This distinction helps customs authorities and traders accurately categorize and regulate the import and export of these items.
The bound / most-favored-nation (MFN) duty rate for HS Code 65010060 is 96 cents per dozen. The MFN duty rate refers to the standard tariff imposed on the product in question. However, it is important to understand that the duty rate may vary depending on the country's trade policies and agreements.
Furthermore, the duty rate for this HS code is subject to a 1.4% increase every time a country lowers a trade barrier or opens up a market. This principle of non-discrimination ensures that all trading partners are treated equally when it comes to trade barriers and market access.
The quantity unit used for HS Code 65010060 is dozens (DOZ). This means that the import or export quantity of these items is measured and recorded in multiples of twelve units. The use of dozens as the quantity unit allows for convenient and standardized measurement in the trading of hat forms, hat bodies, hoods, plateaux, and manchons.
Several special tariff preference programs apply to HS Code 65010060, providing certain countries with preferential treatment or duty-free access. These programs aim to promote economic development, facilitate trade, and strengthen diplomatic ties between participating nations.
The countries eligible for special tariff preferences under HS Code 65010060 include:
These special tariff preference programs enable eligible countries to import and export hat forms, hat bodies, hoods, plateaux, and manchons under more favorable trade conditions, reducing or eliminating import duties.
As for the specific importing and exporting US states related to HS Code 65010060, this information is not provided in the data available. However, it is important to note that the classification of products under HS codes is used worldwide and applies to all countries engaged in international trade.
Understanding HS Code 65010060 and its associated regulations is crucial for traders, importers, and exporters involved in the hat manufacturing industry. The accurate classification and compliance with applicable duty rates and special tariff preference programs can significantly impact the cost and competitiveness of these products in the global market.
By harnessing the power of HS codes, international trade becomes more transparent, efficient, and fair for all parties involved. HS Code 65010060 serves as a valuable tool in facilitating the smooth flow of hat forms, hat bodies, hoods, plateaux, and manchons made of fur felt, catering to specific target markets and meeting the diverse fashion needs of individuals worldwide.