Hand-woven tapestries and needle-worked tapestries of wool or fine animal hair fall under the HS code 58050025. This code is used to classify these specific types of textiles for import and export purposes. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The product description for HS code 58050025 is "Hand-woven tapestries nesoi and needle-worked tapestries, of wool or fine animal hair." This code specifically refers to textiles that are made by hand using traditional weaving or needlework techniques. These tapestries are typically crafted from wool or fine animal hair, resulting in unique and intricate designs.
Hand-woven tapestries and needle-worked tapestries have a long history and are often considered works of art. These textiles can be used for various purposes, including wall hangings, decorative pieces, and even clothing accessories. The craftsmanship and attention to detail that goes into creating these tapestries make them highly valued and sought after.
The bound / MFN (Most Favored Nation) duty rate for HS code 58050025 is free. This means that countries are not required to impose any import duties on these hand-woven and needle-worked tapestries. The principle behind the MFN duty rate is that when 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 duty rate encourages international trade and ensures fair treatment for all trading partners. By eliminating import duties, it becomes easier for businesses and individuals to import and export hand-woven tapestries and needle-worked tapestries without facing excessive costs.
The quantity unit for HS code 58050025 is square meters (M2). This unit of measurement is used to determine the area covered by the hand-woven and needle-worked tapestries. It helps in calculating the quantity and size of the textiles being imported or exported.
When dealing with this HS code, it is essential to provide accurate measurements of the tapestries to ensure proper documentation and valuation. The quantity unit allows for standardized measurement and facilitates trade transactions involving these textiles.
HS code 58050025 is eligible for various special tariff preference programs. These programs offer specific benefits and preferential treatment for importing and exporting countries. Here are some of the special tariff preference programs applicable to this HS code:
These special tariff preference programs aim to promote trade, reduce barriers, and enhance economic cooperation between countries. By taking advantage of these programs, businesses can benefit from reduced or eliminated import duties, making the import and export of hand-woven and needle-worked tapestries more financially viable.
HS code 58050025 applies to hand-woven and needle-worked tapestries being imported or exported to and from the United States. The specific states involved in these trade transactions may vary depending on the origin and destination of the textiles.
Some of the common importing states for hand-woven and needle-worked tapestries in the US include New York, California, Texas, Florida, and Illinois. These states have a significant demand for these textiles due to their vibrant art scenes and diverse cultural communities.
As for exporting states, it will depend on the production and manufacturing centers for hand-woven and needle-worked tapestries. Countries known for their expertise in textile craftsmanship, such as India, Turkey, Belgium, and France, often serve as major exporters of these textiles to the US.
HS code 58050025 encompasses hand-woven tapestries and needle-worked tapestries made of wool or fine animal hair. This code is used for the classification and regulation of these textiles in international trade. By understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code, businesses and individuals can navigate the import and export of these textiles more effectively.
The hand-woven and needle-worked tapestries covered by this HS code are not just ordinary textiles; they are works of art that carry cultural and historical significance. Their intricate designs and craftsmanship make them highly valued and sought after by collectors and enthusiasts worldwide. Whether for decorative purposes or personal use, these tapestries add a touch of elegance and beauty to any space.