When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) code is a globally recognized classification system that is used to categorize products for customs purposes. Each HS code represents a specific product or group of products, making it easier for countries to track and regulate trade.
One such HS code is 58011000, which represents woven pile fabrics and chenille fabrics made of wool or fine animal hair. This code excludes fabrics of heading 5802 or 5806, which refer to other types of textiles. By using the HS code 58011000, it becomes simpler to identify and classify these specific fabrics in international trade.
The product description for HS code 58011000 is as follows: woven pile fabrics and chenille fabrics, other than fabrics of heading 5802 or 5806, of wool or fine animal hair. This description provides a clear definition of the fabrics that fall under this HS code, ensuring consistency and accuracy in trade documentation.
When it comes to import and export duties, the bound or most-favored-nation (MFN) duty rate for HS code 58011000 is free. This means that no duty is imposed on the import or export of these fabrics. However, it is important to note that the MFN duty rate applies when a country lowers a trade barrier or opens up a market. It must do so for the same goods or services from all its trading partners. This ensures fair and equal treatment in international trade.
The quantity unit for HS code 58011000 is square meters (M2). This unit of measurement indicates the area of the fabric being imported or exported. It provides a standardized way of quantifying the amount of fabric involved in a trade transaction.
There are also special tariff preference programs that apply to HS code 58011000. These programs offer specific benefits or reduced duty rates for certain countries or products. For HS code 58011000, the following special tariff preference programs are applicable:
It is important for importers and exporters to be aware of these special tariff preference programs as they can help reduce costs and increase competitiveness in the international market.
When it comes to importing HS code 58011000 to the United States, there are no specific restrictions on which states can receive these fabrics. All states within the United States can import HS code 58011000. However, it is important to comply with any additional regulations or requirements imposed by individual states.
HS code 58011000 represents woven pile fabrics and chenille fabrics made of wool or fine animal hair. This code is used to classify and track these specific fabrics in international trade. It is important for businesses involved in the import and export of these fabrics to understand the associated duties, special tariff preference programs, and any additional regulations that may apply. By adhering to these guidelines, businesses can ensure smooth and compliant trade transactions.