Bedspreads of textile materials are an essential part of enhancing the comfort and aesthetics of our bedrooms. They not only provide warmth and protection to our beds but also add a touch of style to the overall décor. This article will delve into the details of HS Code 63041130, which specifically refers to bedspreads made of textile materials other than cotton or man-made fibers. These bedspreads are knitted or crocheted, making them unique and visually appealing.
HS Code 63041130 is designed to classify these bedspreads for international trade purposes. It helps in facilitating smooth and efficient trade by providing a standardized code that can be universally recognized. This code is crucial for customs officials, importers, exporters, and other stakeholders involved in the global textile industry.
The specific description mentioned in the HS Code excludes bedspreads falling under heading 9404. This exclusion ensures that bedspreads made of cotton or man-made fibers are classified separately, allowing for better categorization and accurate trade statistics.
The bound / MFN (Most Favored Nation) duty rate for HS Code 63041130 is 5.9%. This means that every time 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. The duty rate ensures fair and equitable treatment for all parties involved in international trade.
The quantity unit for HS Code 63041130 is number (NO). This unit signifies that the bedspreads are measured in terms of the number of individual items rather than weight or volume. It simplifies the process of quantifying and pricing bedspreads, making it more convenient for importers and exporters.
HS Code 63041130 is eligible for various special tariff preference programs, offering reduced or duty-free rates for specific countries. These programs aim to promote trade, foster economic growth, and strengthen diplomatic ties between nations. The following is a list of countries and their respective tariff rates:
These special tariff preference programs provide significant advantages to importers and exporters, allowing them to benefit from reduced or waived tariffs, thus enhancing market competitiveness and encouraging international trade relationships.
HS Code 63041130 applies to bedspreads of textile materials being imported or exported from the United States. The specific states involved in the import and export activities may vary depending on the demand and supply dynamics of the textile industry. However, some prominent importing and exporting states for bedspreads can include:
Importing US States:
Exporting US States:
These states play a vital role in the import and export of bedspreads, acting as key hubs for distribution, manufacturing, and trade.
HS Code 63041130 classifies bedspreads made of textile materials other than cotton or man-made fibers. It enables efficient international trade by providing a standardized code that is recognized globally. The bound / MFN duty rate, quantity unit, special tariff preference programs, and importing/exporting US states further contribute to the comprehensive understanding and implementation of this HS Code. Importers, exporters, and all stakeholders in the textile industry can benefit from a clear understanding of HS Code 63041130.