HS Code 98220555 refers to goods falling under subheading 6203.43.30, as defined by the terms of chapter rules for Chapter 62 in General Note 29(n). This article aims to provide extensive information about this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The goods classified under subheading 6203.43.30 are a specific type of product that falls within Chapter 62 of the Harmonized System (HS). The HS is an international standard for classifying and coding products traded across borders. In this case, the specific product falls under the broader category of garments, made predominantly of cotton.
It is important to note that the HS code provides a standardized classification system, allowing countries to identify and track specific types of goods in international trade. This helps facilitate efficient customs procedures, tariff calculations, and data analysis.
The duty rate for goods classified under subheading 6203.43.30 is determined by the relevant customs authority. In general, the duty rate is the percentage of the product's value that must be paid as a tax when importing it into a country.
For this particular HS code, the duty rate is calculated based on the rate provided in the subheading, with a reduction of 0.5% for each trade barrier lowered or market opened by a country. This means that whenever a country decides to decrease its trade barriers or open up its market, it must do so for the same goods or services from all its trading partners.
Unfortunately, the specific quantity unit for goods classified under HS Code 98220555 is not available (NA). The quantity unit typically refers to the unit of measurement used to quantify the goods being traded, such as kilograms, liters, or pieces. However, in this case, the information regarding the quantity unit is not provided.
Goods classified under HS Code 98220555 are eligible for a special tariff preference program known as the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA). Under this program, eligible goods can be imported free of duty, providing a significant advantage for traders involved in this trade agreement.
DR-CAFTA is a trade agreement between the United States, the Dominican Republic, and several Central American countries. It aims to promote economic cooperation and eliminate trade barriers between the participating countries.
As HS Code 98220555 is specific to the United States, it is essential to understand the states involved in importing and exporting goods classified under this code. While the specific importing and exporting states may vary depending on the actual trade transactions, some of the prominent states involved in the textile and apparel industry include California, Texas, New York, Florida, and North Carolina.
These states have a significant presence in the textile and apparel sector, with a large number of manufacturing facilities, importers, and exporters. They play a crucial role in the overall trade of goods falling under HS Code 98220555.
HS Code 98220555 represents goods of subheading 6203.43.30, which are garments made predominantly of cotton. The duty rate for these goods is determined by the relevant customs authority, with a reduction of 0.5% for each trade barrier lowered or market opened by a country. These goods are eligible for the special tariff preference program DR-CAFTA, and the specific quantity unit is not available. Understanding the implications and details of this HS code is crucial for businesses involved in the international trade of textile and apparel products.