Hosiery is a type of clothing article that covers the feet and legs. In this article, we will be discussing a specific category of hosiery, which is classified under HS Code 61159914. This code is used to identify hosiery made of artificial fibers and containing lace or net.
When it comes to international trade, the HS code plays a crucial role in classifying goods and determining the applicable tariffs and trade policies. In the case of HS Code 61159914, we will explore the various aspects related to this specific category of hosiery.
The product description of HS Code 61159914 states that it includes hosiery made of artificial fibers and containing lace or net. This means that the hosiery items falling under this code are not made of natural fibers like cotton or wool but are instead manufactured using synthetic materials.
The bound / MFN duty rate for HS Code 61159914 is 18.8%. The term "bound" refers to the maximum rate of duty that a country can apply to a particular product. This rate is applicable to all trading partners of a country and must be applied consistently.
It is important to note that the bound duty rate can be different from the applied duty rate. Countries often negotiate preferential trade agreements that result in lower duty rates for specific goods or trading partners. These preferential rates are known as special tariff preference programs.
The quantity unit for HS Code 61159914 is dozen pairs (DPR). This means that the hosiery items are typically measured and traded in sets of twelve pairs.
HS Code 61159914 is eligible for various special tariff preference programs. These programs provide reduced or duty-free treatment for importing countries. Here is a list of the special tariff preference programs applicable to this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating customs duties on specific goods.
While the data provided does not specify the exporting US states, it does mention that the importing state for HS Code 61159914 is North Carolina. This indicates that North Carolina is a significant destination for hosiery made of artificial fibers and containing lace or net.
HS Code 61159914 represents a specific category of hosiery made of artificial fibers and containing lace or net. This code is used to classify and regulate international trade of these products. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with HS Code 61159914 is essential for importers, exporters, and policymakers in navigating the global trade landscape.