The HS Code 55162400 refers to woven fabrics that are made of artificial staple fibers, with a composition of less than 85% by weight. These fabrics are mixed mainly or solely with man-made filaments and are printed.
When importing products with this HS code, it is important to understand the duty rates that apply. The bound / MFN (Most Favored Nation) duty rate for this HS code is 14.9%. The bound duty rate indicates the maximum rate that a country can charge for a particular product. However, countries may choose to apply a lower rate through special tariff preference programs.
The quantity unit for this HS code is square meters (M2), which is the standard unit used to measure the area of fabrics.
Several countries have special tariff preference programs in place for products falling under HS Code 55162400. These programs allow for reduced or duty-free rates for eligible countries. The following countries offer special tariff rates for this HS code:
In addition to the special tariff preference programs, there are specific rates for certain countries. Australia has a special rate of 3% for products under this HS code, while Morocco has a special rate of 1.5%.
When importing products with HS Code 55162400 into the United States, it is important to consider the exporting US states. The specific exporting US states may have their own regulations or requirements for importing this product.
HS Code 55162400 pertains to woven fabrics of artificial staple fibers, mixed mainly or solely with man-made filaments, and printed. It is important to be aware of the duty rates, special tariff preference programs, and exporting US states when importing products with this HS code.