Woven fabrics of artificial staple fibers, with a composition of less than 85% by weight of such fibers, mixed mainly or solely with cotton, and made from yarns of different colors, fall under the HS Code 55164300.
When it comes to international trade, there are certain rules and regulations in place to ensure fair and equal opportunities for all countries. One such rule is the Bound / MFN (Most Favored Nation) duty rate, which states 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. In the case of HS Code 55164300, the Bound / MFN duty rate is free.
The quantity unit for measuring woven fabrics of artificial staple fibers under HS Code 55164300 is square meters (M2). This unit helps in determining the quantity of fabric being imported or exported.
In addition to the Bound / MFN duty rate, there are also special tariff preference programs available for certain countries. For HS Code 55164300, the following special tariff preference programs apply:
These special tariff preference programs allow certain countries to import woven fabrics of artificial staple fibers under HS Code 55164300 at either a reduced or duty-free rate, depending on the program. This encourages trade between countries and provides economic benefits.
When it comes to importing HS Code 55164300 into the United States, there are no specific restrictions mentioned. However, it is important to comply with all relevant customs regulations and documentation requirements.
Similarly, there is no specific information provided regarding the exporting US states for HS Code 55164300. However, it can be assumed that any state in the US can engage in the export of these woven fabrics of artificial staple fibers.
HS Code 55164300 refers to woven fabrics of artificial staple fibers, with a composition of less than 85% by weight of such fibers, mixed mainly or solely with cotton, and made from yarns of different colors. It is important to understand the Bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS Code when engaging in international trade. Compliance with customs regulations is crucial for successful import and export of these fabrics.