HS Code 55143031: Plain Weave Fabrics of Poly Staple Fiber
Plain weave fabrics of poly staple fiber, <85% polyester staple fibers, mixed mainly/solely with cotton, ov 170 g/m2, of yarns of different colors fall under HS Code 55143031. This code is used to classify and identify specific products for international trade purposes. In this article, we will explore the details of this HS code and provide additional relevant information.
The HS code system is an internationally recognized classification system used to standardize the classification of goods in trade. It helps in determining applicable duties, regulations, and restrictions for specific products. HS Code 55143031 specifically applies to plain weave fabrics made of poly staple fiber, with less than 85% polyester staple fibers, and mixed mainly or solely with cotton. These fabrics have a weight of over 170 g/m2 and are composed of yarns of different colors.
When importing goods classified under HS Code 55143031, it is important to consider the applicable duty rates. The bound/MFN (Most Favored Nation) duty rate for this code is 14.9%. The MFN duty rate is the standard rate applied to imports from most countries. However, it is crucial to note that countries may have special tariff preference programs in place, which can affect the duty rates.
Under various special tariff preference programs, certain countries enjoy preferential duty rates or duty-free treatment for goods classified under HS Code 55143031. These programs aim to promote trade and economic cooperation between countries. The following countries have special tariff rates for this HS code:
- Bahrain (BH)
- Canada (CA) under NAFTA (duty-free treatment)
- Chile (CL)
- Israel (IL) (duty-free treatment)
- Jordan (JO)
- Mexico (MX) under NAFTA
- Oman (OM)
- Panama (P)
- Peru (PE)
- Singapore (SG)
In addition to the special tariff rates, there are specific duty rates for other countries. Australia (AU) has a 3% special rate for this HS code, while Morocco (MA) has a special rate of 1.50%.
When importing goods classified under HS Code 55143031, it is also important to consider the quantity unit. In this case, the quantity unit is square meters (m2). This unit helps in determining the measurement and quantity of the imported fabrics.
It is worth mentioning that the importing and exporting US states can also play a role in trade. While the specific states involved in the import and export process were not provided in the data, it is important to consider the potential impact of different states on trade patterns and regulations.
HS Code 55143031 applies to plain weave fabrics of poly staple fiber, mixed mainly or solely with cotton and of yarns of different colors. It is crucial for importers and exporters to be aware of the applicable duty rates, special tariff preference programs, and quantity units associated with this HS code. Understanding these details can help facilitate smooth international trade and compliance with customs regulations.
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