HS Code 56021090 refers to needleloom felt and stitch-bonded fabrics, whether or not impregnated, coated, or covered, not elsewhere specified or included. This code is used to classify these specific types of fabrics for international trade purposes.
Needleloom felt and stitch-bonded fabrics are versatile materials that find applications in various industries. They are commonly used in the production of clothing, footwear, automotive interiors, upholstery, and industrial products. These fabrics are known for their strength, durability, and ability to be molded into different shapes.
When importing or exporting needleloom felt and stitch-bonded fabrics, it is important to be aware of the specific regulations and tariffs associated with HS Code 56021090. The following information provides an overview of the duty rates, quantity units, and special tariff preference programs relevant to this HS code.
The bound / MFN duty rate for HS Code 56021090 is 10.6%. The bound duty rate is the maximum tariff rate that a country can apply to a specific product. The Most Favored Nation (MFN) duty rate is the rate applied to imports from all trading partners. It is important to note 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 56021090 is kilograms (KG). This unit is used to measure the weight of the imported or exported needleloom felt and stitch-bonded fabrics.
There are several special tariff preference programs associated with HS Code 56021090, offering reduced or duty-free treatment for imports. These programs are intended to promote trade and economic cooperation between countries. The following countries have special rates or duty-free treatment for needleloom felt and stitch-bonded fabrics:
These special tariff preference programs provide opportunities for importers and exporters to benefit from reduced or eliminated duties, making trade more cost-effective and competitive.
HS Code 56021090 applies to needleloom felt and stitch-bonded fabrics imported into and exported from the United States. The specific importing and exporting states may vary based on trade agreements, transportation infrastructure, and market demand. It is important for businesses to consider the logistical aspects and market dynamics when engaging in international trade involving these fabrics.
HS Code 56021090 classifies needleloom felt and stitch-bonded fabrics for international trade purposes. This code is associated with specific duty rates, quantity units, and special tariff preference programs. Understanding and complying with the regulations and tariffs related to this HS code is essential for successful import and export activities involving needleloom felt and stitch-bonded fabrics.