The Harmonized System (HS) is an international standard for classifying traded products. HS Code 51112090 specifically refers to woven fabrics made of carded wool or fine animal hair, mixed mainly or solely with man-made filaments, not elsewhere specified or included.
When importing or exporting products under this HS code, it is important to understand the applicable duty rates, quantity units, and special tariff preference programs. Let's explore these aspects in more detail:
HS Code 51112090 covers woven fabrics that are made by weaving together carded wool or fine animal hair with man-made filaments. These fabrics can be a blend of natural and synthetic fibers, providing a unique combination of properties, such as warmth, durability, and wrinkle-resistance.
The bound or Most Favored Nation (MFN) duty rate for products classified under HS Code 51112090 is 25%. This means that every country must apply this duty rate whenever they lower a trade barrier or open up a market. It ensures that all trading partners are treated equally when it comes to the import or export of these fabrics.
The quantity unit for HS Code 51112090 is square meters (M2). This unit is used to measure the area of the woven fabrics. It provides a standardized way to quantify the amount of fabric being imported or exported.
Several countries have established special tariff preference programs for products classified under HS Code 51112090. These programs offer reduced or duty-free treatment, making it more favorable for importers or exporters. Here are the special rates for specific countries:
These special tariff preference programs aim to promote trade and strengthen economic ties between countries. Importers or exporters should take advantage of these programs to minimize costs and enhance competitiveness.
HS Code 51112090 applies to imports and exports involving the United States. The specific importing and exporting states within the US may vary depending on market demand, manufacturing capabilities, and trade agreements. It is essential for businesses to consider these factors and identify the most suitable states for their import or export operations.
HS Code 51112090 encompasses woven fabrics made of carded wool or fine animal hair, mixed mainly or solely with man-made filaments. Understanding the duty rates, quantity units, and special tariff preference programs associated with this HS code is crucial for successful import or export transactions. Importers and exporters should stay updated with the applicable regulations and take advantage of the available benefits to optimize their trade activities.