Hand-made lace, in the piece, in strips or in motifs (other than fabrics of heading 6002), falls under HS Code 58043000. This code is used to classify and identify this specific type of lace for international trade purposes.
The HS Code, also known as the Harmonized System Code, is an international system for classifying and identifying products traded across borders. It is used by customs authorities and other government agencies to determine the appropriate tariffs, duties, and regulations for imported and exported goods.
When importing or exporting hand-made lace falling under HS Code 58043000, it is important to consider the specific regulations and duty rates associated with this code. In the case of HS Code 58043000, the bound or Most Favored Nation (MFN) duty rate is 13.2%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for hand-made lace classified under HS Code 58043000 is kilograms (KG). This is the standard unit of measurement used for determining the quantity of imported or exported lace.
There are also special tariff preference programs available for hand-made lace falling under HS Code 58043000. These programs offer reduced or duty-free rates for certain countries. For example, hand-made lace classified under HS Code 58043000 is eligible for free trade under the following special tariff preference programs: Australia Special Rate, Bahrain Special Rate, Canada (NAFTA) Duty-Free Treatment, Chile Special Rate, Israel Special Rate (duty-free treatment), Jordan Special Rate, Mexico (NAFTA) Duty-Free Treatment, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), Peru Special Rate, and Singapore Special Rate.
However, it is important to note that certain countries or products may be excluded from eligibility under these special tariff preference programs. For example, hand-made lace classified under HS Code 58043000 is not eligible for the Australia Special Rate, Bahrain Special Rate, Israel Special Rate, or certain products excluded from CBI (Caribbean Basin Initiative) eligibility.
When importing hand-made lace falling under HS Code 58043000 into the United States, it is crucial to consider the specific regulations and requirements of the importing states. Similarly, when exporting hand-made lace from the United States, it is important to be aware of the regulations and requirements of the destination states.
HS Code 58043000 is used to classify and identify hand-made lace, whether in the piece, in strips, or in motifs. Understanding the specific regulations, duty rates, and special tariff preference programs associated with this code is essential for importers and exporters of this product. By adhering to these regulations and taking advantage of the available programs, businesses can effectively navigate international trade and maximize their opportunities in the global market.