When it comes to international trade, it is crucial to have a standardized system for classifying products. One such system is the Harmonized System (HS) code, which is used by countries worldwide. In this article, we will explore the HS code 63014000, which pertains to blankets and traveling rugs made of synthetic fibers.
The product description for HS code 63014000 is "Blankets (other than electric blankets) and traveling rugs, of synthetic fibers." This code specifically refers to blankets and rugs that are not electrically powered and are made from synthetic materials. It is important to note that this code excludes electric blankets and those made from natural fibers.
Now, let's delve into the details of this HS code and its implications for international trade.
The bound or Most Favored Nation (MFN) duty rate for HS code 63014000 is 8.5%. The MFN principle states 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 means that the duty rate of 8.5% applies to imports of blankets and traveling rugs of synthetic fibers from all countries, unless a special tariff preference program is applicable.
The quantity unit for HS code 63014000 is "number" (NO). This means that the product is typically measured and traded in individual units, rather than weight or volume.
While the general duty rate for HS code 63014000 is 8.5%, certain countries have special tariff preference programs in place that provide different duty rates for imports of blankets and traveling rugs of synthetic fibers. Let's explore some of these programs:
These special tariff preference programs allow certain countries to import blankets and traveling rugs of synthetic fibers at lower or duty-free rates. This promotes trade between participating countries and provides benefits to importers and consumers.
The HS code 63014000 is not limited to international trade but also applies to domestic trade within the United States. Importing US states include all states that import blankets and traveling rugs of synthetic fibers, regardless of their origin. Exporting US states include all states that export these products to other countries.
HS code 63014000 plays a vital role in the classification and regulation of blankets and traveling rugs made of synthetic fibers in international trade. Understanding the code and its implications can help importers, exporters, and policymakers navigate the complexities of global commerce.