HS Code 58063910: Narrow Woven Fabrics of Wool/Fine Animal Hair
Narrow woven fabrics play an essential role in various industries, providing strength, durability, and versatility in numerous applications. HS Code 58063910 specifically refers to narrow woven fabrics made of wool or fine animal hair. These fabrics are not classified as goods under heading 5807 and do not have a pile. Additionally, they should not contain 5% or more elastomeric yarn or rubber by weight.
When it comes to international trade, countries often implement trade barriers or open up markets to promote economic growth. The Bound / MFN duty rate for products falling under HS Code 58063910 is 6.6%. This duty rate applies whenever a country lowers a trade barrier or opens up a market, ensuring equal treatment for the same goods or services from all trading partners.
The quantity unit for these narrow woven fabrics is measured in kilograms (KG). This unit provides a standardized metric for trade and facilitates accurate measurement and pricing of the products.
Several special tariff preference programs are available for products classified under HS Code 58063910. These programs offer reduced or duty-free rates for specific countries. For example, the following countries enjoy duty-free treatment: Bahrain (BH), Canada (CA) under NAFTA, Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), and Singapore (SG).
Australia (AU) receives a special rate of 3% for importing narrow woven fabrics under this HS Code, while Morocco (MA) enjoys a reduced rate of 0.6%.
It is important to note that the preference programs are established based on bilateral or multilateral agreements between countries. These programs aim to promote trade cooperation and economic development by providing favorable treatment to certain products from specific trading partners.
When importing products classified under HS Code 58063910 to the United States, it is essential to consider the exporting U.S. states. Understanding the origin of the product can help importers navigate trade regulations, customs procedures, and any additional requirements associated with specific states.
HS Code 58063910 covers narrow woven fabrics made of wool or fine animal hair that do not possess a pile and do not contain a significant amount of elastomeric yarn or rubber. These fabrics are subject to a 6.6% Bound / MFN duty rate, ensuring equal treatment for all trading partners. Various special tariff preference programs provide reduced or duty-free rates for specific countries, fostering trade cooperation and economic growth. Importers must also consider the exporting U.S. states to navigate any state-specific regulations and requirements.
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