HS Code 63041930 refers to bedspreads that are not knitted or crocheted, made of materials other than cotton or man-made fibers. This code excludes bedspreads falling under Heading 9404. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity units, and special tariff preference programs.
Bedspreads falling under HS Code 63041930 are specifically defined as not being knitted or crocheted. These bedspreads are made from materials other than cotton or man-made fibers. It's important to note that bedspreads made of cotton or man-made fibers fall under a different HS code. The code mentioned above excludes bedspreads falling under Heading 9404, which may have different regulations and duty rates.
The bound / MFN duty rate for HS Code 63041930 is 6.3%. The MFN (Most Favored Nation) principle ensures that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This means that the 6.3% duty rate applies uniformly to bedspreads falling under this HS code, regardless of the country of origin.
The quantity unit for bedspreads falling under HS Code 63041930 is the number (NO). This means that the quantity of bedspreads imported or exported is measured in terms of the number of units.
There are several special tariff preference programs applicable to bedspreads falling under HS Code 63041930. These programs offer reduced or duty-free rates for certain countries. The following special tariff preference programs apply:
These special tariff preference programs aim to promote trade and economic cooperation between countries. By offering reduced or duty-free rates, they encourage imports and exports of bedspreads, benefiting both producers and consumers.
Bedspreads falling under HS Code 63041930 can be imported into any state within the United States. There are no specific restrictions or limitations regarding the importing states for this particular HS code.
Similarly, bedspreads falling under HS Code 63041930 can be exported from any state within the United States. Exporting bedspreads under this HS code is not limited to specific states.
HS Code 63041930 pertains to bedspreads that are not knitted or crocheted, made from materials other than cotton or man-made fibers. The code excludes bedspreads falling under Heading 9404. Importers and exporters of bedspreads falling under this HS code should take into account the bound / MFN duty rate, quantity units, and special tariff preference programs applicable to their specific trade transactions. By understanding these details, businesses can navigate the regulations and make informed decisions when importing or exporting bedspreads.