The HS Code 62029910 refers to anoraks, wind-breakers, and similar articles designed for women or girls. These garments are made of textile materials (excluding wool, cotton, or man-made fibers) and contain 70% or more silk by weight, excluding any other fibers.
When importing or exporting goods, it is important to understand the HS Code, as it serves as a standardized classification for products traded internationally. The HS Code 62029910 specifically identifies this particular type of women's or girls' clothing item.
One key aspect to consider when trading goods internationally is the bound or Most Favored Nation (MFN) duty rate. The bound duty rate is the maximum rate of duty that a country can impose on a particular product. In the case of HS Code 62029910, the bound duty rate is free, meaning there are no tariffs or taxes levied on the import or export of these garments.
It is worth noting that countries may have special tariff preference programs in place, which provide additional benefits or exemptions for certain goods. For HS Code 62029910, several countries offer special tariff rates:
These special rates provide trade advantages for certain countries, encouraging economic cooperation and facilitating the movement of goods across borders.
When importing or exporting goods, it is also important to consider the quantity unit. In the case of HS Code 62029910, the quantity unit is measured in dozens (DOZ), indicating that these garments are typically traded in multiples of twelve.
It is worth noting that the HS Code 62029910 specifically pertains to trade involving the United States. When importing these anoraks, wind-breakers, and similar articles into the US, the originating country may vary. Similarly, when exporting these garments from the US, the destination country may vary.
Understanding the HS Code and the specific details associated with a particular product, such as HS Code 62029910, is essential for international traders and businesses involved in cross-border commerce. It helps ensure compliance with import and export regulations, determine applicable duty rates, and take advantage of any special tariff preference programs that may be available.