HS Code 51129040: Woven Tapestry/Upholstery Fabrics of Combed Wool/Fine Animal Hair
Woven tapestry and upholstery fabrics of combed wool or fine animal hair fall under the HS Code 51129040. These fabrics are composed of less than 85% wool or hair and less than 30% silk, weighing over 300 grams per square meter (M2). This HS code is used to classify and identify these specific types of fabrics in international trade.
When importing or exporting goods classified under HS Code 51129040, it is essential to be aware of the applicable duty rates. The bound or most-favored-nation (MFN) duty rate for these fabrics is 7%. 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 quantity unit for these fabrics is measured in square meters (M2). This unit provides a standardized measurement for calculating and determining the quantity of woven tapestry and upholstery fabrics being traded.
There are also special tariff preference programs available for goods classified under HS Code 51129040. These programs offer reduced or duty-free rates to specific countries. Some of the countries that enjoy these special rates include:
- Bahrain (BH)
- Canada (CA) under NAFTA (duty-free treatment)
- Chile (CL)
- Israel (IL) (duty-free treatment)
- Jordan (JO)
- Mexico (MX) under NAFTA (duty-free treatment)
- Peru (PE)
- Singapore (SG)
Additionally, certain countries have specific rates for importing goods classified under this HS code. These rates are as follows:
- Australia (AU): 3% special rate
- Morocco (MA): 0.7% special rate
- Oman (OM): 5.6% special rate
It is important for importers and exporters to be aware of these special rates and preference programs to take advantage of reduced or duty-free rates when trading woven tapestry and upholstery fabrics of combed wool or fine animal hair.
In the United States, different states may have varying levels of imports and exports of goods classified under HS Code 51129040. Similarly, the exporting states may also differ. It is crucial for businesses and traders to understand the dynamics of importing and exporting these fabrics within the United States and to be aware of any specific regulations or requirements imposed by each state.
To ensure compliance with international trade regulations, it is vital to accurately classify goods under the appropriate HS code. HS Code 51129040 serves as a specific classification for woven tapestry and upholstery fabrics of combed wool or fine animal hair. By correctly identifying and classifying goods, importers and exporters can facilitate smooth trade transactions and mitigate any potential issues or delays that may arise.
HS Code 51129040 represents woven tapestry and upholstery fabrics of combed wool or fine animal hair. This HS code is crucial for accurately classifying and identifying these fabrics in international trade. Importers and exporters must be aware of the applicable duty rates, quantity units, and any special tariff preference programs or rates available for goods classified under this HS code. By understanding these factors, businesses can navigate the trade landscape more effectively and optimize their trading activities.
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