Tapestry and upholstery fabrics made of combed wool or fine animal hair, mixed mainly or solely with man-made filaments, with a weight not exceeding 140 grams per square meter, fall under the HS Code 51122020. This code is used to classify and regulate the import and export of these specific textile products.
The HS Code system is an internationally recognized classification system used by customs authorities to identify and categorize traded goods. It helps standardize the classification of products and facilitates international trade by ensuring consistency and clarity in customs procedures.
The product description provided for HS Code 51122020 indicates that the fabrics covered by this code are primarily composed of combed wool or fine animal hair, which are mixed with man-made filaments. These fabrics are specifically designed for tapestry and upholstery purposes, making them suitable for use in furniture, home decor, and other similar applications.
Understanding the duty rates associated with HS Code 51122020 is crucial for importers and exporters. The bound or most-favored-nation (MFN) duty rate for these fabrics is 7%. The MFN duty rate refers to the rate applied to goods from all trading partners when a country lowers trade barriers or opens up its market. In this case, a 7% duty rate is levied on imports of these fabrics regardless of the country of origin.
It's important to note that certain countries have special tariff preference programs in place for HS Code 51122020. These programs provide preferential treatment to imports from specific countries, either by reducing or eliminating the duty rates. The following countries have special tariff preferences for these fabrics:
Additionally, Australia has a special rate of 3% for these fabrics, Morocco has a special rate of 0.7%, and Oman has a special rate of 5.6%.
Importers and exporters dealing with HS Code 51122020 should also be aware of the quantity unit used for these products, which is measured in square meters (M2). This unit helps determine the size and quantity of the fabrics being traded.
When importing or exporting goods under HS Code 51122020, it is essential to be familiar with the specific regulations and requirements of both the importing and exporting countries. Compliance with customs procedures, documentation, and any applicable non-tariff measures is necessary to ensure smooth and efficient trade.
HS Code 51122020 encompasses tapestry and upholstery fabrics made of combed wool or fine animal hair, mixed mainly or solely with man-made filaments. Importers and exporters of these fabrics should be aware of the associated duty rates, special tariff preference programs, and quantity units to facilitate their international trade operations.