HS Code 58012290: Cut Corduroy Woven Pile Fabrics of Cotton
Cut corduroy woven pile fabrics of cotton with less than 7.5 wales per cm fall under HS Code 58012290. These fabrics are distinct from fabrics classified under headings 5802 or 5806. In this article, we will explore the details and implications of this HS code, including the product description, duty rates, quantity unit, special tariff preference programs, and the importing/exporting US states.
Product Description
The product description for HS Code 58012290 specifies cut corduroy woven pile fabrics of cotton. These fabrics are characterized by their distinctive ribbed texture, which is created by weaving extra sets of fibers into the base fabric. The wales refer to the number of ridges per centimeter, and fabrics falling under this HS code must have less than 7.5 wales per cm. It is important to note that fabrics classified under headings 5802 or 5806 are excluded from this HS code.
Bound / MFN Duty Rate
The bound / MFN (Most Favored Nation) duty rate for products falling under HS Code 58012290 is 20.2%. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners are subject to the same duty rate. This helps maintain fairness and equal treatment in international trade.
Quantity Unit
The quantity unit for HS Code 58012290 is square meters (M2). This means that the measurement and pricing of these fabrics are based on the area in square meters. The quantity unit is important for accurate measurement, pricing, and trading of these fabrics.
Special Tariff Preference Programs
Certain countries have special tariff preference programs in place for products falling under HS Code 58012290. These programs offer preferential duty rates or duty-free treatment to promote trade and economic cooperation. Here are the details of the special tariff preference programs for this HS code:
- Free: Australia, Bahrain, Canada (under NAFTA for duty-free treatment), Chile, Israel (duty-free treatment), Jordan, Mexico (under NAFTA), Oman, Peru, Singapore
- 2%: Morocco
These special tariff preference programs provide opportunities for exporters and importers to benefit from reduced or eliminated duty rates, making trade more favorable and encouraging international business relationships.
Importing and Exporting US States
When it comes to importing products falling under HS Code 58012290 into the United States, there are no specific restrictions or limitations based on the exporting US states. However, it is worth noting that the state of Georgia appears twice in the data provided. This could indicate that Georgia has a significant involvement in the production or export of cut corduroy woven pile fabrics of cotton, making it an important player in the industry.
HS Code 58012290 covers cut corduroy woven pile fabrics of cotton with less than 7.5 wales per cm, excluding fabrics of headings 5802 or 5806. This article has provided a comprehensive overview of the product description, duty rates, quantity unit, special tariff preference programs, and the importing/exporting US states associated with this HS code. Understanding these details is crucial for businesses involved in international trade, ensuring compliance and maximizing opportunities in the global market.
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