When it comes to trade, it is important to have a standardized system that categorizes products for customs and tariff purposes. The Harmonized System (HS) is an internationally recognized system used for classifying products. Each product is assigned a unique HS code, which helps streamline global trade by ensuring consistent classification and regulation.
One such HS code is 63025120, which refers to plain woven tablecloths and napkins made of cotton. These products are not knitted or crocheted, and they are commonly used for setting tables during meals or special occasions.
Bound / MFN Duty Rate: 4.8%
The bound or most-favored-nation (MFN) duty rate for HS Code 63025120 is 4.8%. This means that when a country lowers a trade barrier or opens up a market, it has to apply the same duty rate of 4.8% to plain woven tablecloths and napkins made of cotton from all its trading partners. This duty rate is applicable regardless of the importing or exporting country.
Quantity Unit: Number (NO)
The quantity unit for HS Code 63025120 is "number" (NO), which indicates that the quantity of plain woven tablecloths and napkins is counted in individual units.
Special Tariff Preference Programs:
HS Code 63025120 is eligible for various special tariff preference programs, depending on the importing or exporting country. These programs offer reduced or zero-duty rates to promote trade and economic cooperation between countries.
In the case of HS Code 63025120, the following special tariff preference programs apply:
Importing US States and Exporting US States:
HS Code 63025120 is not specific to any particular importing or exporting US states. It applies to the entire United States, allowing for the import and export of plain woven tablecloths and napkins made of cotton across all states.
HS Code 63025120 classifies plain woven tablecloths and napkins made of cotton. It is important to understand the HS code system and its associated duty rates and tariff preference programs to facilitate international trade. By adhering to standardized codes, countries can ensure fair and consistent trade practices while promoting economic growth and cooperation.