Wall hangings of jute are a popular and unique decor choice for many individuals and businesses. Jute, a natural fiber derived from the jute plant, is known for its durability, strength, and eco-friendly properties. These wall hangings add a touch of elegance and rustic charm to any space, making them a sought-after product in the market.
The HS Code 63049925 specifically refers to wall hangings of jute, excluding those of heading 9404. This code helps in identifying the product for customs and trade purposes, ensuring smooth transactions and accurate data tracking.
When it comes to international trade, understanding the duty rates associated with a particular HS code is crucial. The bound or most-favored-nation (MFN) duty rate for wall hangings of jute is 11.3%. This means 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 promotes fair and equal trade opportunities among nations.
The quantity unit for wall hangings of jute is measured in kilograms (KG). This standard unit makes it easier for traders and customs officials to determine the weight and quantity of the imported or exported goods accurately.
Several special tariff preference programs are available for wall hangings of jute under the HS Code 63049925. These programs offer reduced or duty-free treatment for specific countries, providing economic advantages for both importers and exporters. The special tariff preference programs applicable to this HS code include:
These special tariff preference programs aim to promote trade and foster economic relationships between countries. Importing and exporting wall hangings of jute under these programs can result in significant cost savings and increased competitiveness in the market.
When it comes to importing wall hangings of jute into the United States, various states serve as major hubs for trade. Some of the prominent importing states include California, New York, Texas, Florida, and Illinois. These states have well-established ports and logistics infrastructure, making them ideal entry points for imported goods.
On the other hand, several states in the US are known for their jute wall hanging manufacturing and export capabilities. These states produce high-quality wall hangings of jute and contribute to the country's export market. Some of the notable exporting states include West Bengal, Bihar, Assam, and Andhra Pradesh.
the HS Code 63049925 pertains to wall hangings of jute, excluding those of heading 9404. This code helps in accurately identifying and classifying these products for international trade purposes. Understanding the duty rates and special tariff preference programs associated with this HS code is crucial for importers and exporters to maximize cost savings and take advantage of trade opportunities. Wall hangings of jute are not only aesthetically pleasing but also contribute to sustainable and eco-friendly decor choices.