HS Code 62112074: Women's or girls' ski-suits nesoi, of wool or fine animal hair, con under 15% by wt of down etc, not water resistant, not knit or crocheted
Women's or girls' ski-suits are an essential piece of clothing for winter sports enthusiasts. These suits provide warmth, protection, and style, allowing women and girls to enjoy their time on the slopes comfortably. HS Code 62112074 specifically refers to ski-suits made of wool or fine animal hair, containing less than 15% by weight of down or other materials, and are not water-resistant or knit or crocheted.
The HS Code is an international standard used for classifying products in import/export transactions. It helps customs authorities and traders identify the specific goods being imported or exported, ensuring proper documentation and appropriate tariff rates. In the case of HS Code 62112074, it categorizes women's or girls' ski-suits made of specific materials and with particular characteristics.
One significant aspect to consider when importing or exporting products is the bound or Most Favored Nation (MFN) duty rate. For HS Code 62112074, the bound/MFN duty rate is 14%. This means that whenever 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. This helps promote fair trade practices and equal treatment among countries.
The quantity unit for HS Code 62112074 is dozens (DOZ). This unit of measurement is used to determine the quantity of ski-suits being imported or exported. It is essential to accurately calculate the quantity to ensure proper documentation and adherence to trade regulations.
To encourage trade and economic cooperation, various special tariff preference programs are in place for HS Code 62112074. These programs offer reduced or duty-free rates for specific countries. The following are some examples of special tariff preference programs for this HS Code:
- Free (BH, CA, CL, E*, IL, JO, MX, OM, P, PE, SG): This means that the ski-suits can be imported/exported duty-free or at a reduced rate for countries such as Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, and Singapore.
- 8% (AU): Australia offers a special rate of 8% for ski-suits under HS Code 62112074.
- 1.4% (MA): Morocco provides a special rate of 1.4% for ski-suits under this HS Code.
It is crucial for importers and exporters to be aware of these special tariff preference programs to take advantage of reduced duty rates and promote trade with specific countries.
When importing or exporting ski-suits under HS Code 62112074, it is essential to consider the specific requirements and regulations of the importing and exporting countries. These regulations may vary, and compliance is necessary to ensure a smooth trade process.
HS Code 62112074 refers to women's or girls' ski-suits made of wool or fine animal hair, containing less than 15% by weight of down or other materials, and not water-resistant or knit or crocheted. Understanding the HS Code and its related information, such as the bound/MFN duty rate, quantity unit, and special tariff preference programs, is crucial for importers and exporters engaged in the trade of these products. By adhering to the proper regulations and taking advantage of special tariff programs, businesses can facilitate trade and contribute to the growth of the global ski-suit market.
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