Woven fabrics of artificial staple fibers, containing 85% or more by weight of such fibers, of yarns of different colors, fall under the HS Code 55161300. This code is used to classify and categorize specific types of products for international trade. Understanding the HS Code is essential for importers, exporters, and customs officials to ensure accurate and efficient trade processes.
When importing or exporting goods under HS Code 55161300, it is important to be aware of the duty rates and any special tariff preference programs that may apply. The bound or MFN (Most Favored Nation) duty rate for this HS Code is 14.9%. 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.
The quantity unit for HS Code 55161300 is square meters (M2). This unit is used to measure the area of the woven fabrics being imported or exported.
There are several special tariff preference programs available for goods classified under HS Code 55161300. These programs offer reduced or duty-free rates for specific trading partners. The countries and regions that offer special rates for this HS Code include:
It is essential for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost of trade.
HS Code 55161300 is used for importing woven fabrics of artificial staple fibers into the United States. The exporting countries and regions for this HS Code may vary. It is advisable to consult the official trade documentation and regulations to determine the specific exporting US states for this product.
HS Code 55161300 represents woven fabrics of artificial staple fibers, containing 85% or more by weight of such fibers, of yarns of different colors. Understanding the HS Code, duty rates, and special tariff preference programs is crucial for smooth and cost-effective international trade.