Woven fabrics play a crucial role in the textile industry, serving as the foundation for a wide range of products. One such category is HS Code 55163105, which refers to woven fabrics of artificial staple fibers. These fabrics are composed of less than 85% of such fibers and contain at least 36% of wool or fine animal hair, either unbleached or bleached.
The HS code system is an internationally recognized classification system used to standardize the identification and categorization of traded products. HS Code 55163105 provides a specific code for customs authorities and traders to classify and track woven fabrics of artificial staple fibers.
Bound / MFN duty rate for HS Code 55163105 is 19.8%. This rate is applicable every time a country lowers a trade barrier or opens up a market. It ensures that any changes in trade policies are applied consistently to the same goods or services from all trading partners. The duty rate acts as a tariff, contributing to the revenue of the importing country.
The quantity unit for HS Code 55163105 is measured in square meters (m2). This unit helps determine the size and quantity of woven fabrics being traded. It provides a standardized method for calculating the total area of the fabric, allowing for accurate pricing and logistics.
Several special tariff preference programs are associated with HS Code 55163105. These programs offer preferential treatment in terms of duty rates for specific trading partners. Some of the programs include:
It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost and competitiveness of their products in the global market.
When importing HS Code 55163105 into the United States, it is essential to consider the specific regulations and requirements of the exporting country. Different states within the United States may also have specific regulations regarding the importation of woven fabrics of artificial staple fibers. It is crucial to comply with all applicable laws and regulations to ensure a smooth and compliant trade process.
HS Code 55163105 represents woven fabrics of artificial staple fibers. This code provides a standardized classification for customs authorities and traders. The associated duty rate, quantity unit, and special tariff preference programs further define the trade conditions for this product category. Importers and exporters must stay informed about these regulations to navigate the international trade landscape effectively.