HS Code 63061200 refers to tarpaulins, awnings, and sunblinds made of synthetic fibers. This code is used to classify and identify these specific products in international trade. It is important for importers, exporters, and customs officials to accurately categorize goods using the appropriate HS code to ensure proper regulation and taxation.
The product description for HS Code 63061200 is quite clear - it includes tarpaulins, awnings, and sunblinds made of synthetic fibers. Synthetic fibers are man-made materials that are designed to imitate natural fibers such as cotton or silk. Common synthetic fibers used in the production of tarpaulins, awnings, and sunblinds include polyester, nylon, and polyethylene.
When importing or exporting goods classified under HS Code 63061200, it is essential to be aware of the bound and most-favored-nation (MFN) duty rates. The bound duty rate for this HS code is 8.8%. The MFN duty rate indicates 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.
The quantity unit for HS Code 63061200 is kilograms (KG). This means that the weight of the tarpaulins, awnings, and sunblinds made of synthetic fibers is measured in kilograms for trade purposes.
There are also special tariff preference programs associated with HS Code 63061200. These programs offer preferential duty rates for certain countries. The following countries enjoy tariff preferences for this HS code:
In addition, Australia (AU) enjoys a special tariff rate of 3% for this HS code, while Morocco (MA) enjoys a rate of 0.8%.
HS Code 63061200 is relevant for both importing and exporting countries. Importing countries need to correctly identify and classify the goods they are bringing in, while exporting countries must accurately label and categorize their products for international trade. Understanding the specific HS code for tarpaulins, awnings, and sunblinds made of synthetic fibers is crucial for smooth and compliant trade operations.
It is important to note that HS Code 63061200 is just one of many HS codes used to classify various products in international trade. Each HS code corresponds to a specific product or group of products, allowing for efficient customs procedures and accurate statistical data on global trade.
By using the correct HS code, businesses can ensure compliance with international trade regulations, streamline customs processes, and accurately assess import duties and taxes. Customs officials rely on HS codes to facilitate the movement of goods across borders and enforce trade policies.
HS Code 63061200 represents tarpaulins, awnings, and sunblinds made of synthetic fibers. This code allows for proper classification, regulation, and taxation of these specific products in international trade. Understanding the details and implications of this HS code is essential for importers, exporters, and customs officials involved in the trade of tarpaulins, awnings, and sunblinds made of synthetic fibers.