Carpets and other textile floor coverings are an essential part of interior design, providing both comfort and aesthetic appeal to any space. The HS Code 57024915 specifically refers to carpets and textile floor coverings made of jute. In this article, we will explore the details of this HS Code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The product description of HS Code 57024915 is "Carpets and other textile floor coverings of pile construction, woven, not tufted or flocked, made up, of jute." This means that the carpets and floor coverings falling under this HS Code are specifically made of jute fibers. Jute is a natural fiber known for its strength and durability, making it an ideal material for carpets.
The bound or MFN (Most Favored Nation) duty rate for HS Code 57024915 is free. This means that there are no import duties imposed on carpets and textile floor coverings of jute when they are imported into a country. It is important to note that when 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 57024915 is square meters (M2). This indicates that the measurement of carpets and textile floor coverings is done in terms of square meters. It helps in determining the quantity of the product being imported or exported.
HS Code 57024915 is eligible for various special tariff preference programs, which provide certain countries with preferential treatment in terms of duty rates. The following are the special tariff preference programs applicable to this HS Code:
These special tariff preference programs allow specific countries to enjoy reduced or zero import duties when importing carpets and textile floor coverings of jute under HS Code 57024915. It promotes trade and strengthens economic ties between the participating countries.
HS Code 57024915 applies to both importing and exporting carpets and textile floor coverings of jute in the United States. This means that carpets falling under this HS Code can be imported from various countries into the US, as well as exported from the US to other countries. The specific importing and exporting states within the US may vary depending on the transactions and business operations.
HS Code 57024915 refers to carpets and other textile floor coverings of pile construction, woven, not tufted or flocked, made up, of jute. It is important for importers, exporters, and traders to understand the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS Code. By utilizing the special tariff preference programs, businesses can benefit from reduced or zero import duties, fostering international trade and economic growth.