When it comes to international trade, it is important to have a standardized system in place to classify goods. The Harmonized System (HS) Code is an internationally recognized system used to classify products for customs and statistical purposes. Each HS Code represents a specific product, allowing for easier identification and regulation of trade.
One such HS Code is 63029920, which corresponds to toilet and kitchen linen of textile materials not elsewhere specified or included (NESOI), containing less than 85% by weight of silk or silk waste. This code helps customs authorities and traders accurately identify and classify these specific textile products.
Bound / MFN duty rate: 8.4%
The bound or Most Favored Nation (MFN) duty rate for products under HS Code 63029920 is 8.4%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate for the same goods or services from all its trading partners. This ensures fair and equal treatment in international trade.
Quantity Unit: Number (NO)
The quantity unit for products classified under HS Code 63029920 is 'Number' (NO). This unit of measurement indicates that the goods are counted individually rather than measured by weight or volume.
Special Tariff Preference Programs:
These special tariff preference programs offer different duty rates for imports of toilet and kitchen linen of textile materials NESOI under HS Code 63029920. Countries like Bahrain, Canada, Chile, the European Union, Israel, Jordan, Mexico, Oman, Panama, Peru, and Singapore provide duty-free treatment for these products. Australia offers a 3% duty rate, while Morocco offers a reduced duty rate of 0.8%.
Importing US states: Arkansas, Virginia
For businesses or individuals importing products classified under HS Code 63029920 into the United States, specific states may be involved. In the case of this HS Code, the importing US states are Arkansas and Virginia.
Exporting US states:
While the data provided does not specify exporting US states for products under HS Code 63029920, it is important to note that the United States is a major exporter of various goods, including textile products. The US exports a wide range of products to countries around the world, contributing to its economy and international trade relationships.
HS Code 63029920 represents toilet and kitchen linen of textile materials not elsewhere specified or included, containing less than 85% by weight of silk or silk waste. This code facilitates the classification, regulation, and trade of these specific textile products. The bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS Code provide important information for businesses engaged in international trade. Understanding the HS Code system is crucial for smooth customs procedures and accurate trade data analysis.