Woven fabrics of synthetic staple fibers are classified under HS Code 55143039. This code specifically refers to fabrics that contain less than 85% by weight of such fibers, and are mixed mainly or solely with cotton. These fabrics have a weight of over 170g/m2 and are made of different colored yarns.
The Harmonized System (HS) is an international standard for classifying traded products. HS Codes are used to categorize goods in import and export documentation. Each code is a unique identifier that provides information about the product, such as its composition, origin, and specific characteristics.
HS Code 55143039 is specific to woven fabrics of synthetic staple fibers. This code helps customs authorities and traders identify and track these particular fabrics during international trade.
The bound or Most Favored Nation (MFN) duty rate for HS Code 55143039 is free. This means that countries are not required to pay any import duties when trading these fabrics. It is important to note that this rate applies when a country lowers a trade barrier or opens up a market, and it must be applied to the same goods or services from all trading partners.
Additionally, there are special tariff preference programs available for this HS code. The following countries offer specific rates:
These special tariff preference programs provide specific benefits or reduced duty rates for importing or exporting countries. It is important for traders to be aware of these programs and take advantage of the applicable rates to optimize their trade activities.
The quantity unit for HS Code 55143039 is square meters (m2). This unit is used to measure the area of the woven fabrics being traded. Traders and customs authorities use this unit to determine the quantity and value of the fabrics being imported or exported.
HS Code 55143039 is relevant for import and export activities involving the United States. Traders importing these woven fabrics into the US should be aware of the specific regulations and requirements set by US customs authorities. Similarly, exporters from the US should ensure compliance with the regulations of the destination countries when shipping these fabrics.
It is important for traders to stay updated with the latest information regarding HS codes and any changes in tariff rates or special preference programs. This knowledge can help them make informed decisions and optimize their international trade activities.