HS Code 62021910: Women's or girls' overcoats, carcoats, capes, cloaks & sim coats, of tex mats(except wool, cotton or mmf), con 70% or more wt silk, not k/c
Women's fashion has always been a prominent industry, with various styles and designs available for every occasion. When it comes to outerwear, overcoats, carcoats, capes, cloaks, and similar coats are essential pieces that provide both style and functionality. In this article, we will explore the HS Code 62021910, which specifically refers to women's or girls' overcoats made of textile materials, excluding wool, cotton, or man-made fibers, and containing 70% or more weight silk.
The HS Code 62021910 is a classification system used by countries to facilitate international trade. It helps in identifying and categorizing different products for customs and statistical purposes. By using this code, importers and exporters can easily determine the duty rates, special tariff preferences, and other regulations associated with a particular product.
According to the HS Code 62021910, the product description includes women's or girls' overcoats, carcoats, capes, cloaks, and similar coats. These garments are made of textile materials, except for wool, cotton, or man-made fibers. Additionally, they must contain 70% or more weight silk. This specific description allows customs officials and traders to precisely identify and classify the product.
In terms of duty rates, the HS Code 62021910 typically enjoys a free or reduced tariff in various countries. The "Bound / MFN duty rate" refers to the most-favored-nation (MFN) rate, which is the standard duty rate applied by a country to all its trading partners. However, some countries offer special tariff preference programs that provide exemptions or lower duty rates for certain products.
For the HS Code 62021910, the bound / MFN duty rate is free. This means that countries must lower trade barriers or open up their markets for this specific product from all trading partners. It promotes fair and equal treatment in international trade.
In addition to the bound / MFN duty rate, there are specific special tariff preference programs associated with the HS Code 62021910. These programs offer exemptions or reduced duty rates for importing countries. Some of the countries offering special rates for this HS code include Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, Australia, and Morocco.
Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Dominican Republic-Central American countries (under DR-CAFTA), Peru, and Singapore provide duty-free treatment for imports of women's or girls' overcoats falling under the HS Code 62021910. This means that these countries do not impose any duty on such products.
On the other hand, Australia applies a special rate of 8% for imports under this HS code. This means that a duty of 8% of the product's value will be levied on imports of women's or girls' overcoats falling under the HS Code 62021910.
Morocco provides a special rate of 2.7% for imports under this HS code. This implies that a duty of 2.7% of the product's value will be imposed on imports of women's or girls' overcoats falling under the HS Code 62021910.
It is essential for importers and exporters to consider these special tariff preference programs when trading under the HS Code 62021910. By taking advantage of these programs, businesses can reduce costs and increase competitiveness in the global market.
In terms of quantity unit, the HS Code 62021910 uses dozens (DOZ) as the standard unit for measuring the quantity of women's or girls' overcoats. This unit allows for easy calculation and comparison of quantities during trade transactions.
the HS Code 62021910 is a specific classification for women's or girls' overcoats made of textile materials, excluding wool, cotton, or man-made fibers, and containing 70% or more weight silk. This code helps in identifying and categorizing the product for customs and statistical purposes. It enjoys a free or reduced duty rate in many countries, with special tariff preference programs further providing exemptions or reduced rates. By understanding the details of this HS code, importers and exporters can effectively navigate international trade regulations and optimize their business operations.
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