Gauze tapestry and upholstery fabrics of wool or fine animal hair fall under the HS Code 58030020. This code is used to classify and track the import and export of these specific types of fabrics. In this article, we will delve into the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product description for HS Code 58030020 is as follows: Gauze (other than narrow fabrics of heading 5806) tapestry and upholstery fabrics, of wool or fine animal hair, weighing not over 140 g/m2. This means that the fabrics covered by this HS code are gauze textiles used for tapestries and upholstery, made from wool or fine animal hair, and weighing less than or equal to 140 grams per square meter.
The bound or Most Favored Nation (MFN) duty rate for HS Code 58030020 is 7%. The MFN duty rate applies every time a country reduces trade barriers or opens up its market. It ensures that the same goods or services receive the same treatment from all trading partners. Therefore, any country importing or exporting gauze tapestry and upholstery fabrics of wool or fine animal hair under this HS code will be subjected to a 7% duty rate.
The quantity unit for HS Code 58030020 is square meters (M2). This means that the measurement used to quantify the gauze tapestry and upholstery fabrics is in square meters. The quantity unit is essential for accurately determining the amount of fabric being imported or exported.
There are several special tariff preference programs associated with HS Code 58030020. These programs provide specific tariff rates for certain countries. Here are the details:
The countries listed under the "Free" category receive duty-free treatment for importing or exporting gauze tapestry and upholstery fabrics of wool or fine animal hair under HS Code 58030020. This means that these countries do not have to pay any import duties for these goods. The special tariff preference programs are designed to promote trade and enhance economic relations between the participating countries.
Australia, on the other hand, has a special rate of 3% for importing or exporting products falling under this HS code. This means that a 3% duty will be levied on gauze tapestry and upholstery fabrics of wool or fine animal hair traded between Australia and other countries.
Lastly, Morocco has a special rate of 0.70% for HS Code 58030020. This means that a 0.70% duty will be applied to the import or export of these fabrics between Morocco and other countries.
While the data provided does not mention specific US states that import or export gauze tapestry and upholstery fabrics of wool or fine animal hair under HS Code 58030020, it is safe to assume that these fabrics are traded across various states. However, it is worth noting that the state of Georgia is mentioned twice, suggesting its involvement in the import or export of these fabrics.
HS Code 58030020 encompasses gauze tapestry and upholstery fabrics of wool or fine animal hair. It is important to accurately classify and track these fabrics using the HS code for efficient trade and regulatory purposes. The duty rates, quantity unit, special tariff preference programs, and involvement of different US states contribute to the dynamics of international trade in these textiles.