The Harmonized System (HS) Code 98220510 refers to the classification of textile and apparel goods that fall under chapters 61 through 63, as described in U.S. note 22 to this subchapter. This HS code plays a crucial role in regulating the import and export of these goods, particularly among the member countries of the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA).
The product description associated with HS Code 98220510 specifically encompasses textile and apparel goods included in chapters 61 through 63 of the HS code classification system. These chapters cover a wide range of items, including clothing, accessories, and various other textile products.
The bound or Most Favored Nation (MFN) duty rate applied to goods classified under HS Code 98220510 is calculated based on the full value of the imported article, with certain deductions. These deductions are made for the value of fabrics, components, or materials sourced from the United States, as outlined in U.S. note 22 of the subchapter.
This duty rate is significant as it ensures that every time a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This principle of non-discrimination ensures fair and equal treatment among trading nations.
The quantity unit associated with HS Code 98220510 is not available (NA). This indicates that the specific unit of measurement for these textile and apparel goods may vary depending on the individual product being imported or exported.
Under HS Code 98220510, textile and apparel goods classified as DR-CAFTA members are eligible for special tariff preference programs. Specifically, these goods enjoy a free (P) tariff rate under the Dominican Republic-Central American Special Rate (DR-CAFTA) program.
The DR-CAFTA program aims to promote trade and economic cooperation among the member countries, which include the Dominican Republic, Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. This preferential tariff treatment encourages increased trade and investment within the region.
HS Code 98220510 applies to textile and apparel goods imported into and exported from various states within the United States. The importing and exporting states may vary depending on the specific trade transactions and business partnerships involved.
It is important for businesses and individuals engaged in the import and export of textile and apparel goods under HS Code 98220510 to familiarize themselves with the specific regulations and requirements set forth by the relevant importing and exporting states. Compliance with these regulations ensures smooth and lawful trade operations.
HS Code 98220510 serves as a vital classification for textile and apparel goods falling under chapters 61 through 63. Understanding the product description, duty rates, special tariff preference programs, and the involved importing and exporting states is crucial for businesses and individuals involved in international trade within the DR-CAFTA member countries.
By adhering to the regulations and requirements associated with this HS code, stakeholders can navigate the import and export processes efficiently, while benefiting from the preferential tariff treatment provided under the DR-CAFTA program.
More on HS code 98220510