Woven fabrics of flax, classified under HS Code 53092930, refer to fabrics made predominantly from flax fibers, containing less than 85% by weight of flax. Additionally, these fabrics contain less than 17% by weight of wool, and may also include cotton and manmade fibers. This article aims to provide an in-depth understanding of this HS Code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product description for HS Code 53092930 is "Woven fabrics of flax, less than 85% by weight of flax, containing less than 17% by weight of wool and containing cotton and manmade fibers, nesoi." This means that the woven fabrics referred to by this HS Code are primarily composed of flax fibers, but they may also incorporate other fibers such as cotton and manmade fibers. The percentage composition requirements ensure that these fabrics maintain a certain level of flax content while also allowing for the inclusion of other fibers.
The bound duty rate for HS Code 53092930 is free. The concept of bound 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. In other words, the bound duty rate ensures that the duty rate remains consistent for all countries.
The quantity unit for HS Code 53092930 is square meters (M2). This means that the measurement for the woven fabrics of flax is expressed in terms of the total area in square meters. This quantity unit allows for accurate measurement and calculation of the amount of fabric being imported or exported.
Under HS Code 53092930, there are several special tariff preference programs in place. The following countries enjoy duty-free treatment: Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore. Morocco, on the other hand, has a special rate of 1.5%. These special tariff preference programs aim to promote trade and economic cooperation among the participating countries by providing preferential treatment in terms of duty rates.
HS Code 53092930 is applicable to all US states for both importing and exporting. This means that woven fabrics of flax falling under this HS Code can be imported or exported from any state within the United States. This provides flexibility and accessibility for businesses and individuals engaged in the trade of these fabrics across the country.
HS Code 53092930 encompasses woven fabrics of flax that contain less than 85% by weight of flax, less than 17% by weight of wool, and may include cotton and manmade fibers. The product description, duty rates, quantity unit, special tariff preference programs, and the availability of importing and exporting across all US states provide a comprehensive understanding of this HS Code and its implications for trade and commerce.