When it comes to international trade, it is essential to have a standardized system for classifying products. The Harmonized System (HS) code provides a unique identification for each product, facilitating smooth trade transactions across borders. In this article, we will delve into the details of HS Code 51113090.
HS Code 51113090 represents woven fabrics made of carded wool or fine animal hair. These fabrics are mixed mainly or solely with man-made staple fibers, not elsewhere specified or included (NESOI). This code serves as a specific identifier for customs authorities and traders to accurately classify and categorize these fabrics during import and export processes.
Woven fabrics are textiles produced by interlacing two sets of yarns at right angles. In the case of HS Code 51113090, these fabrics are made from carded wool or fine animal hair, which undergo a process of combing to align the fibers. Additionally, man-made staple fibers are incorporated into the fabric composition, enhancing its properties and performance.
The bound or Most Favored Nation (MFN) duty rate for HS Code 51113090 is set at 25%. The MFN principle ensures that whenever 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 duty rate applies consistently to woven fabrics falling under this HS code, regardless of the country of origin.
The quantity unit for HS Code 51113090 is measured in square meters (M2). This unit allows for accurate measurement and calculation of the fabric's area, simplifying the import and export processes. It ensures transparency and uniformity in trade transactions, enabling traders to determine the quantity of fabric being traded.
HS Code 51113090 is eligible for various special tariff preference programs, which offer specific duty rates or duty-free treatment for certain trading partners. The following are some examples of these programs:
These special tariff preference programs aim to promote trade and foster economic cooperation between countries. They provide incentives for importers and exporters by reducing or eliminating import duties, making the trading process more cost-effective and advantageous.
HS Code 51113090 allows the import and export of woven fabrics of carded wool or fine animal hair, mixed mainly or solely with man-made staple fibers, to and from various states within the United States. The specific states involved in the import and export activities for this HS code may vary depending on market demand, supply chain dynamics, and trade agreements.
It is important for traders and businesses to stay updated with the import and export regulations of the US states involved in the trade of HS Code 51113090. Compliance with customs requirements, documentation, and applicable duties ensures smooth and lawful trade operations.
HS Code 51113090 represents woven fabrics made of carded wool or fine animal hair, mixed mainly or solely with man-made staple fibers, NESOI. This code serves as a crucial identifier for customs authorities and traders, facilitating the accurate classification, valuation, and regulation of these fabrics in international trade. Understanding the details of this HS code, including duty rates, quantity units, and special tariff preference programs, is essential for successful and compliant import and export activities.