Tapestry and upholstery fabrics made of combed wool or fine animal hair, with over 85% wool or hair content and weighing over 300 g/m2, fall under HS Code 51121920. This specific HS code is used to classify and identify these types of fabrics in international trade.
When importing or exporting these fabrics, it is important to understand the details and relevant information associated with this HS code. Let's explore the key aspects of HS Code 51121920:
Tapestry and upholstery fabrics classified under HS Code 51121920 are known for their high-quality and durability. These fabrics are commonly used in the production of furniture upholstery, drapery, and decorative wall hangings.
The bound / most-favored-nation (MFN) duty rate for HS Code 51121920 is 7%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 7% to all its trading partners for the import or export of these fabrics.
The MFN duty rate ensures fair and equal treatment for all countries participating in international trade. It helps maintain a level playing field and prevents discrimination against specific trading partners.
The quantity unit for measuring tapestry and upholstery fabrics under HS Code 51121920 is square meters (M2). This unit of measurement is commonly used in the textile industry to determine the area of fabric required for a specific project or order.
Tapestry and upholstery fabrics classified under HS Code 51121920 may be eligible for special tariff preference programs in certain countries. These programs offer reduced or duty-free rates for imports from specific trading partners. Here are some examples:
These special tariff preference programs aim to promote trade and strengthen economic relationships between countries. Importers and exporters should be aware of these programs to take advantage of the reduced or duty-free rates available.
HS Code 51121920 applies to tapestry and upholstery fabrics imported or exported to and from various US states. The specific states involved in import and export transactions may vary depending on market demand and trade activities. It is essential for businesses to identify the target states and comply with the relevant customs regulations and procedures.
Understanding and correctly utilizing HS Code 51121920 is crucial for importers, exporters, and traders dealing with tapestry and upholstery fabrics made of combed wool or fine animal hair. By adhering to the appropriate HS code and associated regulations, businesses can ensure smooth customs clearance and compliance with international trade requirements.