HS Code 55142300 refers to a specific category of woven fabrics made from polyester staple fibers, with a polyester content of less than 85% by weight. These fabrics are mixed mainly or solely with cotton and have a weight of over 170 grams per square meter. Additionally, they are dyed and classified as "nesoi" (not elsewhere specified or indicated), meaning they do not fall into any other specific category within this HS code.
When importing or exporting goods classified under HS Code 55142300, it is essential to understand the relevant trade regulations and tariff rates associated with this category. The bound or most-favored-nation (MFN) duty rate for products falling under this HS code is 14.9%. This means that every time 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.
The quantity unit for measuring woven fabrics of this type is square meters (M2). This unit is commonly used in international trade to quantify the amount of fabric being imported or exported.
Several special tariff preference programs exist for products classified under HS Code 55142300, offering reduced or duty-free rates for specific countries. These programs include:
These special tariff preference programs aim to facilitate trade and strengthen economic relationships between countries, promoting the import and export of goods at more favorable rates.
When importing goods classified under HS Code 55142300 into the United States, it is crucial to consider the specific states that are involved in the importation process. Similarly, when exporting these goods from the United States, it is essential to be aware of the states from which they are being exported. The involvement of different states may have implications for taxation, customs procedures, and other regulatory requirements.
HS Code 55142300 represents woven fabrics made from polyester staple fibers, mixed mainly or solely with cotton, and dyed. Understanding the relevant trade regulations, tariff rates, and special tariff preference programs can significantly impact the import or export of these goods. Being aware of the quantity unit, square meters (M2), and the involvement of specific states in the import/export process is also crucial for successful international trade operations related to this HS code.