Tapestry and upholstery fabrics play a crucial role in enhancing the aesthetic appeal of furniture and interior spaces. These fabrics are not only visually appealing but also provide comfort and durability. One particular category of tapestry and upholstery fabrics falls under HS Code 51123010, which pertains to fabrics made of combed wool or fine animal hair, mixed mainly or solely with man-made staple fibers, weighing over 300 grams per square meter (g/m2).
When importing or exporting goods, it is essential to understand the HS Code system, which is used worldwide for classifying products. HS Code 51123010 specifically categorizes tapestry and upholstery fabrics made of combed wool or fine animal hair, blended with man-made fibers. This code allows customs officials and traders to easily identify and classify these fabrics during international trade transactions.
The bound or Most Favored Nation (MFN) duty rate for HS Code 51123010 is 7%. The MFN principle states that whenever 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. This ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for measuring tapestry and upholstery fabrics under HS Code 51123010 is square meters (M2). This unit helps in accurately quantifying the amount of fabric being traded, facilitating smooth customs clearance and trade documentation.
Several countries have special tariff preference programs in place for tapestry and upholstery fabrics under HS Code 51123010. These programs offer reduced or duty-free rates to promote trade and economic cooperation. The following countries have special tariff rates for this HS Code:
These special tariff preference programs aim to facilitate trade between countries by reducing or eliminating customs duties, thereby encouraging the import and export of tapestry and upholstery fabrics.
When it comes to importing tapestry and upholstery fabrics under HS Code 51123010, it is important to consider the specific regulations and requirements of the importing and exporting US states. Different states may have varying rules and restrictions regarding the importation of fabrics, including documentation, labeling, and quality standards. It is advisable to consult with trade experts or customs authorities to ensure compliance with all relevant regulations.
HS Code 51123010 classifies tapestry and upholstery fabrics made of combed wool or fine animal hair, mixed mainly or solely with man-made staple fibers, weighing over 300 g/m2. Understanding this HS Code is crucial for traders and customs officials involved in international trade. The associated duty rate, quantity unit, and special tariff preference programs further influence the import and export of these fabrics. Compliance with the regulations of importing and exporting US states is essential for a smooth trade transaction.