Woven fabrics are an essential component of the textile industry, and the HS Code 51123030 specifically refers to woven fabrics made of combed wool or fine animal hair, mixed mainly or solely with man-made staple fibers. These fabrics are classified under the "not elsewhere specified or included" category, indicating that they may have unique characteristics or compositions that distinguish them from other fabrics.
When importing or exporting products under this HS Code, it is important to understand the various regulations and tariff rates associated with it. The MFN (Most Favored Nation) duty rate for this HS Code is 25%. The MFN principle states 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 quantity unit for this HS Code is measured in square meters (M2). This unit of measurement helps in determining the quantity of fabric being imported or exported.
There are also special tariff preference programs available for this HS Code. Some countries offer duty-free treatment for these woven fabrics, such as Bahrain (BH), Canada (CA) under NAFTA (North American Free Trade Agreement), Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Peru (P), and Singapore (SG). Australia (AU) offers a special rate of 3%. Morocco (MA) has a specific rate of 0.4?/kg plus 2.6%, while Oman (OM) imposes a 20% duty rate.
It is important to note that these special tariff rates are subject to change, and it is advisable to consult the latest trade regulations and agreements for accurate information.
When importing these woven fabrics into the United States, it is also essential to consider the specific states involved in the import and export process. The exporting US states are the states from where the goods are being shipped, whereas the importing US states are the states where the goods are being received. Understanding the specific requirements and regulations of these states can help facilitate a smooth importation process.
HS Code 51123030 refers to woven fabrics of combed wool or fine animal hair, mixed mainly or solely with man-made staple fibers. The associated tariff rates, special tariff preference programs, and the importance of understanding the exporting and importing US states should be taken into consideration when dealing with this HS Code. Staying informed about the latest trade regulations and agreements is crucial for successful importation or exportation of goods under this HS Code.