When it comes to importing bed linen, knitted or crocheted, the HS Code 63021000 is used to classify and identify this specific product. Understanding the HS Code is crucial for international trade as it helps countries in determining the appropriate duty rates and tariff preferences for imports and exports.
The product description for HS Code 63021000 is "Bed linen, knitted or crocheted." This code is used to categorize bed linens that are made through knitting or crocheting techniques. It includes products such as bed sheets, pillowcases, duvet covers, and other similar items made from knitted or crocheted fabrics.
Importing bed linen under the HS Code 63021000 attracts a bound or Most Favored Nation (MFN) duty rate of 6%. The MFN duty rate ensures that a country applies the same trade barrier reductions or market openings to all its trading partners for the same goods or services. This means that regardless of the country of origin, bed linen imports under this HS Code will be subject to a 6% duty rate.
The unit of quantity specified for bed linen under HS Code 63021000 is "number (NO)." This means that the quantity of the imported bed linen is measured in individual units or pieces.
Several special tariff preference programs are available for bed linen imports classified under HS Code 63021000. These programs offer reduced or duty-free rates for specific countries. The following are the special tariff rates for different countries:
The special tariff rates mentioned above provide preferential treatment to certain countries or regions, either through free trade agreements or special trade programs. These rates aim to promote economic cooperation and trade between the importing and exporting countries.
Importing bed linen under HS Code 63021000 is not restricted to specific states within the United States. Bed linen classified under this HS Code can be imported into any state across the country.
When it comes to exporting bed linen from the United States, the HS Code 63021000 is again used to classify the product. The exporting states within the US can ship bed linen classified under this HS Code to any country that accepts imports under this code.
the HS Code 63021000 plays a vital role in the international trade of bed linen, knitted or crocheted. It helps countries determine the appropriate duty rates and tariff preferences for this product. Understanding the HS Code and its associated regulations is crucial for importers and exporters in ensuring smooth and compliant trade operations.