Woven fabrics containing 85% or more by weight of polyester staple fibers, other than unbleached or bleached, fall under HS Code 55121900. This code is used to classify and identify these specific types of fabrics for import and export purposes. Understanding the details of this HS code is essential for businesses involved in the textile and garment industry.
The bound or MFN (Most Favored Nation) duty rate for products falling under HS Code 55121900 is 13.6%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. It is important for businesses to consider this duty rate when importing or exporting these fabrics.
The quantity unit for HS Code 55121900 is square meters (M2). This unit of measurement is used to determine the quantity of fabric being imported or exported. It is important to accurately calculate and declare the quantity of fabrics to ensure compliance with customs regulations.
There are several special tariff preference programs associated with HS Code 55121900. These programs provide certain countries with preferential treatment in terms of duty rates. The following countries enjoy special rates for importing fabrics falling under this HS code:
For businesses based in the United States, it is crucial to be aware of the importing and exporting states associated with HS Code 55121900. This information helps in determining the logistics and transportation requirements for these fabrics. Similarly, for businesses located in other countries, it is important to understand the specific requirements of the exporting states.
HS Code 55121900 represents woven fabrics containing 85% or more by weight of polyester staple fibers. This code is used for classification, import, and export purposes. Businesses need to consider the bound duty rate, quantity unit, and special tariff preference programs associated with this HS code. Understanding the details of HS Code 55121900 is crucial for compliance with customs regulations and for efficient and effective international trade in textiles and garments.