Furnishing articles made from synthetic fibers are classified under HS Code 63049300. This code excludes bedspreads and articles falling under heading 9404. These articles are not knitted or crocheted, and are subject to specific duty rates and tariff preferences when imported or exported.
The specific product description for HS Code 63049300 helps customs authorities and traders identify and classify these goods correctly. This code is essential for international trade as it ensures consistency in the classification of products across different countries. By using the HS Code, countries can establish uniformity in trade statistics, tariff rates, and regulatory measures.
The bound or most favored nation (MFN) duty rate for furnishing articles under HS Code 63049300 is 9.3%. The MFN principle states that when 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 principle promotes fair and equitable trade practices among nations.
The quantity unit for the import and export of furnishing articles is measured in numbers (NO). This unit provides a standard measure to quantify the number of items being traded, facilitating accurate record-keeping and logistics management.
Several special tariff preference programs exist for furnishing articles of synthetic fibers under HS Code 63049300. These programs offer reduced or duty-free rates for specific countries. The following are some of the special tariff preference programs and their corresponding rates:
These special tariff preference programs aim to promote trade and economic cooperation between countries. By offering reduced or duty-free rates, they incentivize trade and foster bilateral or regional trade agreements.
When importing or exporting furnishing articles under HS Code 63049300, it is important to consider the specific duty rates and special tariff preference programs applicable to the country of origin or destination. Traders should consult the customs authorities or trade agreements to ensure compliance with the relevant regulations and take advantage of any available tariff benefits.
In the United States, the importing and exporting of furnishing articles under HS Code 63049300 are subject to the regulations and requirements of various states. Similarly, the exporting of these goods from the United States may involve different states depending on the origin and destination of the shipment.
HS Code 63049300 plays a crucial role in international trade, facilitating the classification, regulation, and promotion of furnishing articles made from synthetic fibers. By understanding and complying with the relevant codes and regulations, traders can navigate the global market more effectively and benefit from the available tariff preferences.