When it comes to international trade, it is essential to have a standardized system to classify products. The Harmonized System (HS) code is a globally recognized system used for this purpose. In this article, we will delve into the details of HS Code 65020090, which refers to hat shapes that are plaited or assembled from strips.
The product description for HS Code 65020090 specifies that these hats should not be blocked, lined, or trimmed, and should not have made brims. Additionally, they should not be made from vegetable fibers, vegetable materials, or paper yarn. The code also includes hats that are not elsewhere specified or included (nesoi).
It is important to note that the HS code is not limited to just the product description. It also provides valuable information on various aspects of international trade, such as duty rates, quantity units, and special tariff preference programs.
The bound or most-favored-nation (MFN) duty rate for HS Code 65020090 is 6.8%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The duty rate is applied to the declared value of the goods during importation.
The quantity unit for HS Code 65020090 is dozens (DOZ). This unit indicates that the hats are typically traded in multiples of twelve.
HS Code 65020090 is eligible for various special tariff preference programs, providing certain countries with preferential treatment or discounted duty rates. Below is a list of the programs and the corresponding rates:
It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost of trading these hat shapes.
HS Code 65020090 is applicable to both importing and exporting activities in the United States. It is important for businesses and traders to understand the regulations and requirements associated with this code when conducting international trade involving hat shapes plaited or assembled from strips.
HS Code 65020090 classifies hat shapes that are plaited or assembled from strips. It provides information on duty rates, quantity units, and special tariff preference programs. Understanding and correctly applying this code is crucial for businesses engaged in international trade.