When it comes to international trade, proper classification of goods is crucial for accurate documentation and tariff calculation. The HS Code system, also known as the Harmonized System, is a standardized international product classification system used by customs authorities around the world. HS Code 98220560 falls under the category of goods of subheading 6203.12.20.
Subheading 6203.12.20 refers to a specific category of clothing items, excluding goods specifically designed for boys. Under the terms of chapter rules for Chapter 62 in General Note 29(n), the goods falling under this subheading are subject to certain regulations and guidelines.
One important aspect to consider when importing or exporting goods is the applicable duty rate. The duty rate for HS Code 98220560 is calculated by taking the duty rate provided in the subheading and subtracting 2.0%. This reduction applies every time a country lowers a trade barrier or opens up a market. It is important to note that this reduction must be applied consistently to the same goods or services from all trading partners.
The quantity unit for HS Code 98220560 is listed as not available (NA), indicating that the specific unit of measurement for these goods is not specified or relevant in this case.
It is worth mentioning that HS Code 98220560 is eligible for special tariff preference programs. In this case, the goods classified under this HS Code are eligible for free trade under the Dominican Republic-Central American Special Rate (DR-CAFTA) program. This program allows for preferential treatment and reduced or eliminated tariffs for goods traded between the United States and the participating countries in the DR-CAFTA agreement.
When it comes to importing goods classified under HS Code 98220560, it is important to consider the specific regulations and requirements of the states involved. The exporting US states must comply with the necessary documentation and procedures to ensure a smooth and legal trade process.
HS Code 98220560 refers to goods of subheading 6203.12.20, excluding goods for boys. It is subject to specific regulations under Chapter 62 in General Note 29(n). The duty rate for this HS Code is calculated by subtracting 2.0% from the duty rate provided in the subheading. The goods classified under this HS Code are eligible for free trade under the DR-CAFTA program. Importing and exporting US states must adhere to the necessary requirements and regulations to facilitate the trade of these goods.