When it comes to international trade, it is crucial to have a standardized system in place to classify goods and products. The Harmonized System (HS) Code is a globally recognized classification system that provides a unique code for each item being traded. In this article, we will explore HS Code 58019010, which refers to woven pile fabrics and chenille fabrics of vegetable fibers, excluding cotton, and fabrics falling under headings 5802 or 5806.
HS Code 58019010 specifically covers woven pile fabrics and chenille fabrics made from vegetable fibers other than cotton. These fabrics are distinct from those falling under headings 5802 or 5806, which include other types of textiles. The code allows for easy identification and classification of these specific fabrics in international trade.
When importing or exporting goods, it is essential to be familiar with the duties and tariffs associated with the HS Code. For HS Code 58019010, the bound or most-favored-nation (MFN) duty rate is set at 3.7%. This means that every time 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 fairness and equal treatment in international trade.
The quantity unit for HS Code 58019010 is square meters (M2). This measurement unit allows for accurate calculation and tracking of the amount of fabric being imported or exported. It is a standard unit widely used in the textile industry.
There are also special tariff preference programs available for goods classified under HS Code 58019010. These programs offer reduced or duty-free rates for specific countries. For example, Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and certain countries or products excluded from CBI eligibility enjoy duty-free treatment. Additionally, Morocco receives a special rate of 0.3%.
When it comes to importing into the United States, certain states have a higher demand for goods falling under HS Code 58019010. Notably, Georgia is a prominent state for importing these woven pile and chenille fabrics of vegetable fibers. This information can be useful for businesses looking to target specific regions within the US market.
To summarize, HS Code 58019010 is a specific code used to classify woven pile fabrics and chenille fabrics made from vegetable fibers other than cotton. It has a bound duty rate of 3.7% and is measured in square meters. Various special tariff preference programs offer reduced or duty-free rates for specific countries, and Georgia is a significant importing state for these goods in the United States.