HS Code 55141200 refers to a specific type of woven twill fabric made of polyester staple fiber and cotton. The fabric has a weight of over 170 grams per square meter and can be either unbleached or bleached.
This HS code is used to classify and regulate the import and export of this particular type of fabric. Understanding the details of this code is important for businesses involved in the textile industry, as it helps in determining the applicable duty rates and trade preferences for different countries.
The product description provides a clear understanding of the composition and characteristics of the fabric. It specifies that the fabric is a twill weave, which gives it a distinctive diagonal pattern. The fabric is predominantly made of polyester staple fiber, with a maximum content of 85%, and is mixed mainly or solely with cotton. The weight of the fabric is over 170 grams per square meter, indicating its medium to heavy thickness. The fabric can be either unbleached or bleached, offering options for different applications.
The bound or most-favored-nation (MFN) duty rate for HS Code 55141200 is 14.9%. The MFN duty rate is the rate that applies to imports from all trading partners when a country lowers a trade barrier or opens up a market. It ensures that the same rate is applied uniformly to the same goods or services from all countries.
This duty rate is an important factor for businesses involved in importing or exporting this fabric, as it affects the cost of trade. Importers need to consider this duty rate when calculating the landed cost of the fabric, while exporters should be aware of the potential duty costs in target markets.
The quantity unit for HS Code 55141200 is square meters (M2). This unit is commonly used to measure the area of textiles and fabrics. It provides a standardized measure that facilitates trade and ensures accurate quantity calculations during import or export transactions.
HS Code 55141200 is eligible for various special tariff preference programs in different countries. These programs offer reduced or duty-free rates to promote trade and economic cooperation. The following are the special tariff rates for specific countries:
These special tariff preference programs provide opportunities for businesses to access these markets with reduced or eliminated duty costs. Importers and exporters should carefully analyze the applicable tariff rates under these programs to optimize their trade activities and take advantage of preferential treatment.
HS Code 55141200 is imported by various states in the United States. The specific importing states may vary depending on factors such as demand, manufacturing capabilities, and trade patterns. Likewise, the fabric is exported from the United States to different countries, with the specific exporting states varying based on production capacities and market access.
Understanding the trade flows and preferences of different states can help businesses identify potential markets for their products and establish strategic partnerships to maximize trade opportunities.
HS Code 55141200 represents a woven twill fabric made of polyester staple fiber and cotton, with specific characteristics regarding composition, weight, and treatment. The code's associated duty rate, quantity unit, and special tariff preference programs play a crucial role in facilitating international trade and determining the cost of importing or exporting this fabric. By understanding and leveraging these details, businesses can effectively navigate the global textile market and optimize their trade activities.