When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) Code is a globally recognized code that categorizes products based on their characteristics. One such HS code is 62041320, which refers to women's or girls' suits, not knitted or crocheted, of synthetic fibers, nesoi.
The HS code 62041320 specifically applies to suits for women or girls that are made from synthetic fibers and are not knitted or crocheted. This code helps customs authorities and traders identify and classify these products accurately, ensuring smooth trade transactions.
Understanding the details of the product description is crucial in international trade. In the case of HS code 62041320, it pertains to suits specifically designed for women or girls. These suits are made from synthetic fibers, which are man-made materials created through chemical processes. By excluding knitted or crocheted suits, the code distinguishes between different types of fabric construction methods.
Importing or exporting goods can be subject to various trade barriers and tariffs. The bound or most-favored-nation (MFN) duty rate for HS code 62041320 is 35.3 cents per kilogram, along with an additional 25.9% charge. This means that for every kilogram of women's or girls' suits under this HS code, an importer or exporter would need to pay the specified duty rate.
Trade agreements and special tariff preference programs can also affect the duty rates for specific goods. For HS code 62041320, several countries offer special rates or exemptions. Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, and Singapore provide duty-free treatment for these suits. Australia offers a special rate of 8%, while Morocco has a rate of 3.5? per kilogram plus an additional 2.6% charge.
It is interesting to note the importing patterns of these women's or girls' suits under HS code 62041320 in the United States. Based on the available data, the states of Vermont, Arkansas, Maine, Mississippi, Nevada, and North Carolina have been the primary importers of these suits. This information can be useful for businesses looking to target specific regions or states for their export activities.
It is important to keep in mind that the HS code system is used globally and is recognized by all countries participating in international trade. This standardized classification system ensures that goods are classified uniformly, simplifying trade procedures and reducing misunderstandings between trading partners.
HS code 62041320 refers to women's or girls' suits made from synthetic fibers, not knitted or crocheted. This HS code is essential for accurately classifying and identifying these products in international trade. Understanding the duty rates, special tariff preference programs, and importing patterns associated with this HS code can help businesses make informed decisions and navigate the complexities of global trade.