HS Code 58012400 refers to warp pile fabrics, specifically epingle (uncut) fabrics made of cotton. This code is used to classify and identify this particular type of fabric for trade and regulatory purposes. It is important to understand the details and implications of this HS code, as it affects the import and export of these fabrics.
The product description for HS Code 58012400 is warp pile fabrics, epingle (uncut), of cotton. This means that the fabrics classified under this code are made of cotton and have a specific type of weave known as warp pile or epingle. It is important to note that this code does not include fabrics that fall under the categories of HS Code 5802 or 5806.
When it comes to trade and import duties, the bound or most-favored-nation (MFN) duty rate for HS Code 58012400 is 10.5%. The MFN duty rate is the rate that applies to all trading partners of a country when they lower trade barriers or open up their markets. This means that regardless of the country of origin, the same duty rate applies to warp pile fabrics, epingle (uncut), of cotton.
The quantity unit for HS Code 58012400 is square meters (M2). This means that the measurement and pricing of these fabrics are done in square meters. It is important for importers and exporters to be aware of this unit of measurement to accurately calculate quantities and costs.
There are also special tariff preference programs that apply to HS Code 58012400. These programs offer reduced or zero-duty rates for certain countries. For example, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Panama, Peru, and Singapore are eligible for duty-free treatment when importing warp pile fabrics, epingle (uncut), of cotton. Australia has a special rate of 3% duty, while Morocco has a special rate of 1.1% duty.
When it comes to importing these fabrics to the United States, there are no specific states mentioned in the provided data. However, it is important to note that the importing state may have its own regulations and requirements for the importation of textiles. It is advisable to consult with local authorities or trade representatives to ensure compliance with all applicable regulations.
HS Code 58012400 represents warp pile fabrics, epingle (uncut), of cotton. This code is used to classify and identify these fabrics for import and export purposes. Understanding the product description, duty rates, quantity unit, and special tariff preference programs is essential for businesses involved in the trade of these fabrics. Compliance with regulations and requirements is crucial to ensure smooth and successful transactions.