If you are involved in international trade, you may come across various codes and regulations related to importing and exporting goods. One such code is HS Code 63024020, which pertains to table linen that is knitted or crocheted and not elsewhere specified or included (nesoi).
Table linen refers to any textile articles used for covering tables, such as tablecloths, placemats, table runners, and napkins. The use of knitted or crocheted techniques adds a unique touch and enhances the aesthetic appeal of these products.
HS Code 63024020 is an important classification code used by customs authorities worldwide to categorize and track these specific types of table linen. It helps in standardizing trade data and facilitating international trade by providing a common language for customs officials and traders.
When importing or exporting table linen classified under HS Code 63024020, it is essential to be aware of the various regulations and tariff rates associated with it. Here are some key details:
The bound / MFN (Most Favored Nation) duty rate for table linen classified under HS Code 63024020 is 6.8%. 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 rate provides a baseline for tariff negotiations and ensures fairness in international trade.
The quantity unit for table linen classified under HS Code 63024020 is "number" (NO). This unit indicates the number of individual pieces of table linen being imported or exported.
Table linen classified under HS Code 63024020 may be eligible for special tariff preference programs in certain countries. These programs provide reduced or duty-free rates for specific trading partners. Here are some examples:
Each country's special rate is based on trade agreements or preferences established between the importing country and the exporting country or region. For example, the North American Free Trade Agreement (NAFTA) provides duty-free treatment for table linen imported from Canada and Mexico. Similarly, the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA) offers special rates for certain countries in the region.
HS Code 63024020 applies to table linen imported into or exported from the United States. It is important to comply with the applicable customs regulations and requirements when trading these goods. The specific states involved in the import or export process may vary depending on the trading partners and routes chosen.
HS Code 63024020 is a classification code used for table linen that is knitted or crocheted and not elsewhere specified or included. Understanding this code and its associated regulations can help importers and exporters navigate international trade effectively and ensure compliance with customs requirements. Whether you are a trader or a customs official, being familiar with HS Codes is crucial for smooth and transparent trade operations.