HS Code 60063400: Printed Knitted or Crocheted Fabrics of Synthetic Fibers
Printed knitted or crocheted fabrics of synthetic fibers fall under the HS code 60063400. This code is used to classify and identify these specific types of fabrics for international trade purposes. In this article, we will explore the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states associated with this HS code.
Product Description:
The HS code 60063400 refers to printed knitted or crocheted fabrics made from synthetic fibers. These fabrics are not otherwise specified (nesoi) under any other HS code. They may include various synthetic fibers such as polyester, nylon, acrylic, or other similar materials. The fabrics are printed with different patterns or designs, adding aesthetic value to the textile.
Duty Rates:
The bound or MFN (Most Favored Nation) duty rate for HS code 60063400 is 10%. 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 10% duty rate is applicable for imported printed knitted or crocheted fabrics of synthetic fibers.
Quantity Unit:
The quantity unit specified for HS code 60063400 is kilograms (KG). This unit is used to measure the weight of the imported or exported fabrics. It helps in determining the quantity and pricing of the goods involved in international trade transactions.
Special Tariff Preference Programs:
Several special tariff preference programs are available for products classified under HS code 60063400. These programs offer reduced or duty-free rates for importing countries. Here are some of the programs and the associated rates:
- Free: Bahrain (BH), Canada (CA), Chile (CL), Israel (IL), Jordan (JO), Mexico (MX), Panama (P), Peru (PE), and Singapore (SG) offer duty-free treatment for printed knitted or crocheted fabrics of synthetic fibers.
- 3%: Australia (AU) provides a 3% special rate for these fabrics.
- 1%: Morocco (MA) offers a special rate of 1% for imports of these fabrics.
- 6%: Oman (OM) applies a special rate of 6% for these fabrics.
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing favorable conditions for the importation of specific products.
Importing and Exporting US States:
HS code 60063400 is relevant for both importing and exporting printed knitted or crocheted fabrics of synthetic fibers in the United States. The specific states involved in the import and export of these fabrics may vary depending on various factors such as production facilities, market demand, and trade agreements. Therefore, it is essential for businesses and traders to research the specific importing and exporting US states based on their requirements and target markets.
HS code 60063400 represents printed knitted or crocheted fabrics of synthetic fibers. This code assists in classifying and identifying these fabrics for international trade purposes. The duty rate for this HS code is 10%, and the quantity unit is kilograms (KG). Additionally, various special tariff preference programs offer reduced or duty-free rates for importing countries. Businesses and traders should also consider the specific importing and exporting US states when dealing with products classified under this HS code.
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