Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 63049200: Furnishing articles made of cotton

When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) Code provides a unique code for each product, making it easier for customs officials and traders to identify and classify goods. In this article, we will explore HS Code 63049200, which refers to furnishing articles made of cotton.

Product Description:

• HS Code: 63049200
• Description: This HS Code encompasses furnishing articles made of cotton, excluding bedspreads. These articles are not knitted or crocheted.

Bound / MFN Duty Rate:

• Bound / MFN Duty Rate: 6.3%
• Explanation: The bound / MFN duty rate of 6.3% indicates the maximum tariff rate that can be applied to this product. It is important to note that this rate applies every time a country lowers a trade barrier or opens up a market. This principle ensures that the same goods or services from all trading partners receive equal treatment.

Quantity Unit: Number (NO)

Special Tariff Preference Programs:

• Free (BH, CA, CL, IL, JO, MX, OM, P, PE, SG): Countries such as Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Panama, Peru, and Singapore offer duty-free treatment for this product. This means that importers from these countries can import furnishing articles made of cotton (HS Code 63049200) without paying any customs duties.
• 3% (AU): Australia provides a special rate of 3% for this product. Importers from Australia can enjoy a reduced duty rate when importing furnishing articles made of cotton.
• 0.6% (MA): Morocco offers a special rate of 0.6% for this product. Importers from Morocco can benefit from a significantly reduced duty rate when importing furnishing articles made of cotton.

Importing US States and Exporting US States:

In terms of importing, all states within the United States are eligible to import furnishing articles made of cotton (HS Code 63049200). Exporting states would depend on the specific trade agreements and preferences between the United States and other countries.

Conclusion:

HS Code 63049200 identifies furnishing articles made of cotton. This code helps facilitate international trade by providing a standardized classification system for customs officials and traders. The bound / MFN duty rate of 6.3% ensures equal treatment for all trading partners. Importers from various countries can benefit from special tariff preference programs, including duty-free treatment and reduced duty rates. Understanding the HS Code and its associated information is crucial for businesses engaged in international trade.