The HS Code 62011990 refers to a specific product category: men's or boys' overcoats, carcoats, capes, cloaks, and similar coats made of textile materials, excluding wool, cotton, or man-made fibers. These products must contain silk weighing less than 70% by weight and should not be knitted or crocheted.
When importing or exporting these products, it is important to be aware of the various regulations and duty rates associated with them. The bound or Most Favored Nation (MFN) duty rate for HS Code 62011990 is 2.8%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate to these goods from all its trading partners.
The quantity unit for these products is measured in dozens (DOZ), which is a common unit of measurement for garments. This helps in calculating the quantity of overcoats, capes, and similar items being imported or exported.
There are also special tariff preference programs available for HS Code 62011990. The following countries offer duty-free treatment for these products: Australia (AU), Bahrain (BH), Canada (CA) under NAFTA, Chile (CL), European Union member states (E*), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), and Singapore (SG).
Additionally, Morocco (MA) offers a special rate of 0.2% for importing these products. It is important to note that certain countries or products may be excluded from eligibility for the Caribbean Basin Initiative (CBI) or other special programs.
When importing these products into the United States, it is essential to understand the specific regulations and requirements of the importing state. Likewise, when exporting from the United States, it is important to be aware of the regulations and requirements of the destination country.
HS Code 62011990 covers men's or boys' overcoats, carcoats, capes, cloaks, and similar coats made of textile materials with a silk content of less than 70% by weight. Understanding the duty rates, quantity units, and special tariff preference programs associated with this HS Code is crucial for importers and exporters in order to comply with relevant regulations and take advantage of any available benefits.