When it comes to international trade, understanding the Harmonized System (HS) codes is essential. These codes, developed by the World Customs Organization (WCO), classify products for the purpose of customs and trade statistics. Each HS code corresponds to a specific product, enabling seamless trade across borders. In this article, we will delve into HS Code 63041120, which refers to bedspreads of man-made fibers, knitted or crocheted, excluding those of heading 9404.
HS Code 63041120 specifically pertains to bedspreads made of man-made fibers. These bedspreads are either knitted or crocheted, providing a comfortable and stylish addition to any bedroom. However, it is important to note that bedspreads falling under heading 9404 are not included in this HS code.
The Bound / MFN (Most-Favored Nation) duty rate for products under HS Code 63041120 is 6.5%. This duty rate applies whenever a country lowers a trade barrier or opens up a market, ensuring equal treatment for the same goods or services from all trading partners.
The quantity unit for products classified under HS Code 63041120 is the number (NO). This unit signifies the count of bedspreads being imported or exported.
Various countries have established special tariff preference programs for bedspreads under HS Code 63041120. These programs offer reduced or duty-free rates, promoting trade and economic cooperation. Here is a detailed breakdown of the special tariff preference programs:
These special tariff preference programs aim to facilitate trade between countries, fostering economic growth and development.
HS Code 63041120 applies to bedspreads imported into the United States. All states within the US can import bedspreads under this HS code, ensuring nationwide accessibility and availability.
Similarly, bedspreads classified under HS Code 63041120 can be exported from the United States to any country across the globe. Exporters from all US states have the opportunity to engage in international trade and contribute to the global market for bedspreads made of man-made fibers.
HS Code 63041120 plays a crucial role in facilitating the international trade of bedspreads made of man-made fibers. Understanding the product description, duty rates, special tariff preference programs, and the availability for import and export is essential for businesses and individuals involved in the trade of these products. By adhering to the HS code system, countries can ensure fair and efficient trade, benefiting both the domestic and global economy.