When it comes to international trade, it is essential to have a standardized system that classifies goods. The Harmonized System (HS) Code is a globally recognized code used for this purpose. In this article, we will explore HS Code 62029220, which pertains to women's or girls' anoraks, windbreakers, and similar articles.
The product description for HS Code 62029220 states that it refers to anoraks, windbreakers, and similar articles made of cotton, which are not knitted or crocheted. Additionally, these articles must not contain 15% or more by weight of down or other materials.
It is important to note that the HS Code is not only used for classification purposes but also plays a crucial role in determining the duty rates applied to imported goods. The bound or Most Favored Nation (MFN) duty rate for this particular HS Code is 8.9%. The MFN principle ensures that when 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 this HS Code is dozens (DOZ), which signifies that the products are typically imported or exported in multiples of twelve.
Special tariff preference programs are also applicable to HS Code 62029220. The following countries or regions offer preferential treatment for the import of these products:
Australia (AU) offers a special rate of 8% for the import of these products. For more details on Australia's specific tariff rates, please refer to codes 9912.62.10-9912.62.13.
It is worth mentioning that Morocco (MA) also has a special rate for this HS Code, but the specific details are not provided in the available data.
For businesses involved in importing or exporting women's or girls' anoraks, windbreakers, and similar articles falling under HS Code 62029220, it is crucial to consider the applicable duty rates and any special tariff preference programs that may be available. Understanding the HS Code system and its implications can help businesses navigate international trade more effectively.
When importing goods under HS Code 62029220 into the United States, it is essential to consider the regulations and requirements of the specific states involved in the import process. Similarly, when exporting from the United States, knowledge of the regulations and requirements of the destination states is crucial for a smooth trade transaction.
HS Code 62029220 relates to women's or girls' anoraks, windbreakers, and similar articles made of cotton, which do not contain 15% or more by weight of down or other materials. The HS Code plays a vital role in classifying goods and determining the duty rates applied to imports. Various countries and regions offer special tariff preference programs for these products, with some providing duty-free treatment and others offering reduced rates. Importers and exporters need to be aware of the applicable regulations and requirements to ensure successful international trade transactions.