Narrow woven fabric is a versatile and commonly used material in various industries. It is primarily made from vegetable fibers, excluding cotton, and does not contain more than 5% elastomer yarn or rubber. This article aims to provide an in-depth understanding of the HS Code 58063920, its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The HS Code 58063920 refers to narrow woven fabric that is not classified under heading 5807, which encompasses other types of narrow woven fabrics. The fabric described by this HS Code is not pile, meaning it does not have a raised surface. It is made from vegetable fibers, such as jute, hemp, sisal, or other similar materials, excluding cotton. Additionally, the fabric should not contain more than 5% of elastomer yarn or rubber.
The bound or most-favored-nation (MFN) duty rate for products under the HS Code 58063920 is 4.9%. The MFN duty rate is the rate applied to imports from all trading partners, ensuring equal treatment for the same goods or services. This rate may vary if a country lowers a trade barrier or opens up its market, but it must be applied uniformly to all trading partners.
The quantity unit for products classified under the HS Code 58063920 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight of goods being imported or exported.
Several special tariff preference programs are applicable to products falling under the HS Code 58063920. These programs provide preferential duty rates or duty-free treatment for imports from specific countries. The following is a list of countries and their respective special tariff rates:
These special tariff rates aim to promote trade and economic cooperation between the United States and these countries by reducing or eliminating the customs duties applied to specific goods.
The HS Code 58063920 covers the import and export of narrow woven fabric in the United States. While this data does not provide specific details about the importing and exporting US states, it indicates that this product is traded between different states within the country.
Overall, understanding the HS Code 58063920 is essential for businesses involved in the import and export of narrow woven fabric. It helps ensure compliance with trade regulations, determine duty rates, and take advantage of special tariff preference programs. By familiarizing themselves with the details of this HS Code, businesses can streamline their operations and make informed decisions regarding international trade.