HS Code 55161400: Woven Fabrics of Artificial Staple Fibers, Printed
Woven fabrics of artificial staple fibers, containing 85% or more by weight of such fibers, printed, fall under HS Code 55161400. This HS code is used to classify and identify these specific types of fabrics in international trade. In this article, we will delve into the details of this HS code, including its product description, duty rates, quantity units, and special tariff preference programs associated with it.
Product Description:
Fabrics classified under HS Code 55161400 are woven fabrics made from artificial staple fibers. These fibers make up 85% or more of the total weight of the fabric. Additionally, these fabrics are printed, which means they have designs, patterns, or colors applied to them. The combination of artificial staple fibers and printing makes these fabrics unique and suitable for various purposes.
Duty Rates:
The bound or most-favored-nation (MFN) duty rate for HS Code 55161400 is 10%. The MFN duty rate is the rate applied to imports from all trading partners when a country lowers trade barriers or opens up its market. This means that regardless of the country of origin, a 10% duty rate will be applied to woven fabrics of artificial staple fibers, containing 85% or more by weight of such fibers, printed.
Quantity Unit:
The quantity unit used to measure and trade fabrics under HS Code 55161400 is square meters (M2). This unit provides a standardized measurement to determine the quantity of fabric being traded. It allows for easy comparison and calculation of the fabric's size and quantity.
Special Tariff Preference Programs:
HS Code 55161400 is eligible for various special tariff preference programs. These programs offer reduced or duty-free rates for imports of the specified fabrics from specific countries. Here are some examples:
1. Free (BH, CA, CL, IL, JO, MX, OM, P, PE, SG): Fabrics imported from Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Panama, Peru, and Singapore are eligible for duty-free treatment. This means that these countries can import woven fabrics of artificial staple fibers, containing 85% or more by weight of such fibers, printed, without paying any import duties.
2. 3% (AU): Australia offers a special rate of 3% for woven fabrics under this HS code. Importers from Australia can benefit from this reduced duty rate, making it more cost-effective to import such fabrics.
3. 1% (MA): Morocco provides a special rate of 1% for woven fabrics classified under HS Code 55161400. This reduced duty rate makes importing these fabrics from Morocco more favorable in terms of cost.
Importing and Exporting US States:
HS Code 55161400 is applicable for import and export between various US states. This means that fabrics falling under this HS code can be traded within the United States, allowing for domestic commerce and distribution of these fabrics.
HS Code 55161400 represents woven fabrics of artificial staple fibers, containing 85% or more by weight of such fibers, printed. This HS code plays a crucial role in the classification and identification of these fabrics in international trade. Understanding the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code is essential for importers, exporters, and traders involved in the fabric industry.
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