HS Code 94049020: Pillows, Cushions, and Similar Furnishings
Pillows, cushions, and similar furnishings are essential elements of any comfortable home. Whether for lounging on a sofa, resting our heads on a plush pillow, or adding style to our living spaces, these items play a vital role in our everyday lives. In this article, we will explore the details of HS Code 94049020, which specifically refers to pillows, cushions, and similar furnishings made from materials other than cotton.
HS Code 94049020 encompasses a wide range of products, including various types of pillows and cushions. These items are classified under this code when they are made from materials other than cotton, such as polyester, silk, or synthetic blends. The code helps customs authorities and trade organizations precisely identify and track these specific products during international trade.
One significant aspect to consider when importing or exporting goods is the duty rate associated with the HS code. For HS Code 94049020, the bound or Most Favored Nation (MFN) duty rate is 6%. 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. Therefore, a 6% duty rate will be applied to the value of the pillows, cushions, and similar furnishings being imported or exported.
However, there are several special tariff preference programs that can significantly affect the duty rates for HS Code 94049020. These programs provide certain countries with preferential treatment, either reducing or eliminating the duty rates altogether. Let's take a closer look at some of these programs and the corresponding countries:
1. Free (A, BH, CA, CL, E, IL, J, JO, MX, OM, PE, SG): Under this program, the Generalized System of Preferences (GSP) grants duty-free treatment to eligible countries. Bahrain, Canada (under NAFTA), Chile, Europe, Israel, Japan, Jordan, Mexico (under NAFTA), Oman, Peru, and Singapore are among the countries benefiting from this program.
2. 3% (AU, P): Australia and the Philippines enjoy a reduced duty rate of 3% under this special tariff preference program.
3. 2.6% (MA): Morocco benefits from a special rate of 2.6% for the importation of pillows, cushions, and similar furnishings.
These tariff preference programs aim to promote trade and economic cooperation between countries. By reducing or eliminating duty rates, they facilitate the movement of goods and encourage international commerce.
When it comes to importing pillows, cushions, and similar furnishings under HS Code 94049020, it is important to consider the specific states within the United States that engage in this trade. Based on the available data, the following US states are known for importing these products:
- New Mexico
- Oklahoma
- Virgin Islands
- Arkansas
- Georgia
- Wyoming
- Minnesota
These states have shown consistent demand for pillows, cushions, and similar furnishings, making them significant players in the importation of these goods.
HS Code 94049020 encompasses pillows, cushions, and similar furnishings made from materials other than cotton. The bound duty rate for this code is 6%, but certain countries benefit from special tariff preference programs, which can reduce or eliminate these duty rates. Importers and exporters should consider these programs when conducting international trade. Additionally, various US states, including New Mexico, Oklahoma, and the Virgin Islands, are known for their importation of these products. Understanding the details of HS Code 94049020 is crucial for individuals and businesses involved in the global trade of pillows, cushions, and similar furnishings.
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