When it comes to importing hats and headgear made from felt or other textile material, HS Code 65059070 is the code that you need to be aware of. This code is used to classify and categorize these specific products for trade and customs purposes.
The product description of HS Code 65059070 states that it applies to hats and headgear that are made from felt or other textile materials. However, it excludes those that are knitted or crocheted. These hats and headgear may contain braid, which adds to their aesthetic appeal.
One important aspect to consider when importing goods under this HS code is the bound or MFN (Most Favored Nation) duty rate. The bound duty rate for hats and headgear under HS Code 65059070 is 6.8%. This means that regardless of the country of origin, the importing country must apply this duty rate when importing these products.
It is worth noting that countries often engage in trade agreements and tariff preference programs to promote trade and economic cooperation. In the case of HS Code 65059070, several countries offer special tariff preferences for these products. The following countries grant duty-free treatment: Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore. Additionally, Morocco applies a special rate of 3% for imports under this HS code.
For businesses engaged in importing hats and headgear made from felt or textile material, understanding the specific quantity unit is crucial. HS Code 65059070 uses dozens (DOZ) as the quantity unit. This means that the products will be measured and traded in multiples of dozens.
When it comes to the exporting and importing of hats and headgear under HS Code 65059070, it is important to note the specific countries involved. The exporting countries may vary, while the United States is the importing country. However, this information may change depending on the specific trade agreements and arrangements between countries.
HS Code 65059070 is the code used to classify and categorize hats and headgear made from felt or other textile material. It is essential for businesses involved in the import and export of these products to understand the product description, duty rates, quantity units, and any special tariff preference programs that may be applicable. By familiarizing themselves with this HS code, businesses can ensure smooth and compliant international trade operations.