Furnishing articles play an essential role in creating comfortable and aesthetically pleasing living spaces. HS Code 63049960 refers to furnishing articles made of textile materials, excluding bedspreads, and not knitted or crocheted. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product description for HS Code 63049960 is "Furnishing articles (excluding those of heading 9404 and other than bedspreads) not knitted or crocheted, of textile materials, nesoi." This code encompasses various textile-based furnishing articles, such as curtains, drapes, tablecloths, cushion covers, and more. It important to note that bedspreads are excluded from this code.
The bound or Most-Favored-Nation (MFN) duty rate for HS Code 63049960 is 3.2%. The MFN principle ensures 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 duty rate applies to all countries unless specific tariff preference programs are applicable.
The quantity unit for HS Code 63049960 is kilograms (KG). This unit of measurement is used to determine the weight of the furnishing articles being imported or exported. It helps in accurately assessing the quantity and value of the goods during trade transactions.
Several special tariff preference programs are applicable to HS Code 63049960, providing certain countries with reduced or duty-free rates. Here are some of the notable programs:
These special tariff preference programs aim to promote trade and strengthen economic ties between countries by reducing or eliminating import duties on specific goods. Importers and exporters should familiarize themselves with the eligibility criteria and requirements of these programs to benefit from the reduced duty rates.
HS Code 63049960 is relevant for importing and exporting furnishing articles of textile materials to and from various US states. While specific data regarding the importing and exporting US states is not provided, it is important for traders and businesses to understand the demand and market potential for such products in different states. Factors such as population size, income levels, and cultural preferences can influence the demand for furnishing articles and help businesses tailor their marketing and distribution strategies accordingly.
HS Code 63049960 covers a wide range of furnishing articles made of textile materials, excluding bedspreads, and not knitted or crocheted. Importers and exporters should be aware of the product description, duty rates, quantity unit, special tariff preference programs, and the potential market in different US states to effectively trade in this product category.