When it comes to interior decor, wall hangings add a touch of elegance and personality to any space. One popular type of wall hanging is made of wool or fine animal hair. These unique pieces of art can transform a plain wall into a stunning focal point. In this article, we will explore the HS Code 63049915, which specifically refers to wall hangings that are not knitted or crocheted.
The HS Code 63049915 is used to classify wall hangings made of wool or fine animal hair that are not knitted or crocheted. This code helps customs authorities and traders to identify and categorize these products accurately. By using HS Codes, international trade becomes more efficient and transparent, as it ensures that the same goods are classified uniformly across different countries.
The product description for HS Code 63049915 states that it encompasses wall hangings made of wool or fine animal hair, not knitted or crocheted, and not elsewhere specified or included. This broad description allows for various types of wall hangings to fall under this code, providing flexibility for traders and manufacturers.
When it comes to import/export duties, the MFN (Most-Favored Nation) duty rate for HS Code 63049915 is 11.3%. 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 helps to ensure fair and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 63049915 is square meters (M2). This unit of measurement is used to determine the size or area of the wall hanging. It allows for easy comparison and calculation of the quantity of wall hangings being imported or exported.
There are also special tariff preference programs available for wall hangings under HS Code 63049915. Some countries offer preferential treatment, reducing or eliminating import duties for certain trading partners. For example, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and the Dominican Republic-Central America (DR-CAFTA) have special rates for these products. The specific rates vary, with some countries offering duty-free treatment while others have reduced rates ranging from 1.1% to 3%.
Importing and exporting wall hangings under HS Code 63049915 can occur between various U.S. states. The specific states involved in these trade activities depend on the traders and manufacturers involved. It is essential for traders to comply with the customs regulations and documentation requirements of both the importing and exporting states to ensure smooth and legal trade operations.
HS Code 63049915 is a specific code used to classify wall hangings made of wool or fine animal hair that are not knitted or crocheted. This code plays a crucial role in facilitating international trade by providing a standardized classification system. Traders and manufacturers should be aware of the specific duties, quantity unit, and special tariff preference programs associated with this HS Code to navigate the global market effectively.