Gloves, mittens, and mitts are essential accessories, especially during the colder months. They provide warmth and protection to our hands from the harsh weather conditions. However, not all gloves are created equal. The HS code 61169374 specifically refers to gloves made of synthetic fibers, containing 23% or more weight of wool or other similar materials, with four fingers.
When it comes to international trade, understanding the HS code is crucial. The HS code is a standardized system for classifying goods traded internationally. It helps in identifying and categorizing products for customs and tariff purposes. In the case of HS code 61169374, it ensures that the correct duty rates and tariff preferences are applied.
The product described by HS code 61169374 includes gloves, mittens, and mitts that are not designed for sports or other specialized activities. They are made of synthetic fibers, such as polyester or nylon, and must contain at least 23% weight of wool or similar materials. Additionally, these gloves must have four fingers, excluding the thumb.
It is important to note that this HS code specifically excludes gloves designed for sports or other specific purposes. These gloves have their own separate HS codes based on their intended use, material composition, and other factors.
The bound or most favored nation (MFN) duty rate for products falling under HS code 61169374 is 31 cents per kilogram plus 6.9% of the value. This duty rate is applicable to all countries unless special tariff preference programs are in place.
Under the principle of most favored nation treatment, whenever 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. This ensures fairness and equal treatment in international trade.
The quantity unit for gloves, mittens, and mitts under HS code 61169374 is a dozen pairs (DPR). This unit helps in standardizing and quantifying the number of gloves being imported or exported.
Several countries have special tariff preference programs in place for products falling under HS code 61169374. These programs provide certain benefits, such as reduced or duty-free tariffs, to promote trade and economic cooperation. The following countries offer special tariff rates for these gloves:
These special tariff preference programs aim to promote trade between the countries involved and provide economic benefits to both importers and exporters of gloves falling under HS code 61169374.
As a globally traded product, gloves falling under HS code 61169374 are imported and exported by various US states. The specific states involved in the import and export of these gloves may vary based on factors such as production capabilities, demand, and trade agreements.
Some of the commonly involved US states in the import and export of gloves under HS code 61169374 include:
These states play a significant role in facilitating the trade of gloves and contribute to the overall economy through import and export activities.
HS code 61169374 represents gloves, mittens, and mitts made of synthetic fibers with a significant wool content. Understanding the HS code helps in ensuring accurate classification, duty rates, and tariff preferences for these products. It is essential for importers, exporters, and customs authorities to be familiar with the HS code system to facilitate smooth international trade.