Shawls, scarves, mufflers, mantillas, veils, and similar items have always been popular accessories, adding style and warmth to any outfit. For those interested in the international trade of these knitted or crocheted products made of wool or fine animal hair, it is essential to understand the Harmonized System (HS) code 61171010.
The HS code 61171010 specifically refers to shawls, scarves, mufflers, mantillas, veils, and similar items made from wool or fine animal hair. This code helps classify and identify these products for import and export purposes, ensuring proper trade regulations and tariff rates are applied.
When it comes to the import and export of products, countries often impose different trade barriers and tariffs. However, the principle of Most Favored Nation (MFN) treatment ensures that every time 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 means that the MFN duty rate for HS code 61171010 is currently set at 9.6%.
For ease of measurement and quantity assessment, these products are usually traded in dozens (DOZ) as the unit. This unit allows importers and exporters to accurately determine the quantity and value of the goods being traded.
Additionally, there are special tariff preference programs in place for HS code 61171010. Some countries offer preferential treatment, reducing or eliminating the duty rates for importing these products. The following countries have special tariff rates for this HS code:
These special rates and programs aim to promote trade and economic cooperation between the countries involved. Importers and exporters should be aware of these preferential treatments to take advantage of reduced or eliminated duty rates, making their business transactions more cost-effective.
When it comes to importing these products into the United States, the exporting countries vary. However, with the HS code 61171010, the importing US states do not affect the trade regulations or tariff rates. Instead, the focus is on the product itself and its classification under the HS code.
understanding HS code 61171010 is crucial for anyone involved in the international trade of shawls, scarves, mufflers, mantillas, veils, and similar items made of wool or fine animal hair. This code helps classify and identify the products, ensuring proper trade regulations and tariff rates are applied. Importers and exporters should also be aware of special tariff preference programs that offer reduced or eliminated duty rates for importing these products. By staying informed, businesses can optimize their trading activities and benefit from international cooperation and trade agreements.