When it comes to international trade, it is essential to have a clear understanding of the Harmonized System (HS) codes. These codes are used to classify products for customs purposes, ensuring consistency and facilitating trade negotiations. One such code is HS Code 61179010, which pertains to parts of garments or clothing accessories made primarily of silk or silk waste, and are knitted or crocheted.
It is important to note that the HS code 61179010 specifically applies to products that contain 70% or more by weight of silk or silk waste. This code helps customs authorities and traders identify and classify these specific items correctly.
When importing or exporting goods under HS Code 61179010, it is crucial to understand the associated duty rates. The bound or MFN (Most Favored Nation) duty rate for products falling under this code is 2.3%. This means 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.
The quantity unit for products classified under HS Code 61179010 is dozens (DOZ). This unit of measurement helps in determining the quantity of the goods being traded.
There are also special tariff preference programs that affect the duty rates for products falling under this HS code. The following countries have duty-free treatment for these goods: Australia (AU), Bahrain (BH), Canada (CA) under NAFTA (North American Free Trade Agreement), Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), Singapore (SG).
Additionally, there is a special rate of 0.3% for products classified under HS Code 61179010 imported from Morocco (MA).
It is also worth noting that different US states may have different regulations when it comes to importing or exporting products under HS Code 61179010. Traders should ensure compliance with the specific requirements of both the importing and exporting US states.
Overall, HS Code 61179010 plays a significant role in classifying and regulating the trade of parts of garments or clothing accessories made primarily of silk or silk waste. Understanding the duty rates and special tariff preference programs associated with this code is crucial for businesses engaged in international trade.