The HS Code 61042920 refers to women's or girls' ensembles that are knitted or crocheted and made of textile materials not elsewhere specified. This code is used to classify and identify these specific types of garments for import and export purposes.
When importing or exporting goods, it is essential to know the HS code as it helps in determining the applicable customs duties and trade regulations. The HS code is a standardized system used globally to classify and categorize goods for customs purposes.
The product description for HS Code 61042920 specifies that it applies to ensembles, which typically consist of two or more pieces of clothing that are meant to be worn together. These ensembles can include dresses, skirts, tops, and other similar items.
One important aspect to consider when dealing with HS Code 61042920 is the bound or MFN (Most Favored Nation) duty rate. This rate is the tariff or duty that applies to each garment in the ensemble if they are separately entered. It is important to note that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 61042920 is dozens (DOZ), which means that the garments are typically measured and traded in multiples of twelve.
There are also special tariff preference programs associated with HS Code 61042920. These programs provide certain countries or products with preferential treatment, such as duty-free entry. Some of the special tariff preference programs applicable to this HS code include:
These special tariff preference programs provide various benefits and exemptions for certain countries or regions, promoting trade and economic cooperation.
When importing or exporting goods classified under HS Code 61042920, it is important to consider the specific regulations and requirements of the importing and exporting US states. Each state may have its own rules and regulations regarding the import and export of textile materials and garments.
Overall, HS Code 61042920 is crucial in identifying and classifying women's or girls' ensembles made of knitted or crocheted textile materials. Understanding the HS code and its associated regulations is essential for international trade, ensuring compliance with customs duties and trade barriers.