When it comes to international trade, it is essential to have a clear understanding of the Harmonized System (HS) codes that classify goods. In this article, we will explore the HS code 63041920, which pertains to bedspreads made of manmade fibers that are not knitted or crocheted. We will dive into the product description, duty rates, quantity units, special tariff preference programs, and the importing and exporting US states.
The HS code 63041920 classifies bedspreads that are made of manmade fibers. These bedspreads are specifically not knitted or crocheted. The "nesoi" in the product description stands for "not elsewhere specified or included," indicating that this HS code covers bedspreads that do not fall under any other specific classification within the Harmonized System.
The bound or Most Favored Nation (MFN) duty rate for products under HS code 63041920 is 6.5%. 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. This duty rate applies to bedspreads of manmade fibers, regardless of the country of origin.
The quantity unit for products under HS code 63041920 is "number" (NO). This implies that the bedspreads are counted individually rather than measured by weight or volume.
Several special tariff preference programs apply to bedspreads classified under HS code 63041920. These programs provide reduced or duty-free treatment for specific trading partners. The details are as follows:
Under these programs, bedspreads imported from the mentioned countries receive either duty-free treatment or a reduced duty rate of 0.7% (in the case of Morocco). This encourages trade and strengthens economic relationships between the participating countries.
As for the importing and exporting of bedspreads under HS code 63041920, there are no specific restrictions or preferences regarding US states. This means that bedspreads can be imported from and exported to any state within the United States without any additional barriers or requirements based on the HS code alone.
the HS code 63041920 classifies bedspreads made of manmade fibers that are not knitted or crocheted. Importers and exporters can benefit from knowing the duty rates, quantity units, special tariff preference programs, and the lack of state-based restrictions when trading bedspreads under this HS code. Understanding these details can facilitate smoother international trade transactions and foster stronger trade relationships.