Tapestry and upholstery fabrics are essential components of interior design and decoration. They not only add beauty and elegance to furniture and living spaces but also contribute to the overall comfort and aesthetic appeal. Among various types of tapestry and upholstery fabrics, those made of carded wool or fine animal hair are highly sought after due to their superior quality and durability.
The HS Code 51112005 specifically refers to tapestry and upholstery fabrics of carded wool or fine animal hair, which are mixed mainly or solely with man-made filaments and have a weight exceeding 300 g/m2. This code is crucial in international trade as it helps in accurately identifying and classifying these fabrics for import and export purposes.
The bound or most-favored nation (MFN) duty rate for products falling under HS Code 51112005 is 7%. The MFN duty rate implies 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. This promotes fair and equal treatment among nations in the global trade arena.
The quantity unit for tapestry and upholstery fabrics is measured in square meters (M2). This unit of measurement provides a standardized and uniform basis for calculating the quantity of fabrics being imported or exported.
In addition to the duty rate and quantity unit, there are special tariff preference programs available for products classified under HS Code 51112005. These programs offer preferential treatment in terms of reduced or zero duty rates for specific countries. The following are some examples of special tariff preference programs for tapestry and upholstery fabrics:
These special tariff preference programs aim to promote trade and economic cooperation between countries by facilitating the import and export of tapestry and upholstery fabrics. The specific rates may vary depending on the program and country involved.
When it comes to importing tapestry and upholstery fabrics classified under HS Code 51112005, there are no restrictions on the importing US states. This means that these fabrics can be freely imported into any state within the United States.
Similarly, there are no restrictions on the exporting US states for tapestry and upholstery fabrics of this HS Code. Exporters from any state within the United States can freely export these fabrics to any country worldwide.
HS Code 51112005 plays a vital role in the international trade of tapestry and upholstery fabrics made of carded wool or fine animal hair. It helps in accurately identifying and classifying these fabrics, determining the applicable duty rates, and availing special tariff preference programs. By understanding and utilizing this HS Code effectively, importers and exporters can streamline their trade operations and contribute to the growth and development of the global textile industry.