Hand-woven tapestries and needle-worked tapestries made of cotton fall under the HS code 58050030. This code is used to classify and identify these specific types of textiles in international trade. Understanding the HS code is essential for importers, exporters, and customs officials to accurately categorize and process these products.
The product description of HS code 58050030 specifies that it covers hand-woven tapestries nesoi (not elsewhere specified or included) and needle-worked tapestries made of cotton. These textile products are known for their intricate designs and craftsmanship, making them sought after for decorative purposes.
The quantity unit for measuring these tapestries is square meters (M2). This unit is used to determine the area of the textile, which is important for calculating shipping costs and determining the value of the product.
When it comes to the duty rates for HS code 58050030, it is important to note that the bound or most-favored-nation (MFN) duty rate is free. This means that countries are not required to impose any tariffs or duties on these tapestries when importing them. This encourages trade and ensures that countries treat all their trading partners equally in terms of trade barriers and market access.
Additionally, there are special tariff preference programs in place for HS code 58050030. These programs provide certain countries with preferential treatment or lower duty rates when importing these tapestries. Some of the countries that offer free or reduced-duty treatment include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and several others.
It is worth noting that different countries may have specific exclusions or limitations on these tariff preference programs. For example, certain products or countries may be excluded from eligibility for certain programs. This highlights the importance of understanding the specific regulations and requirements of each country when importing or exporting HS code 58050030 products.
In the United States, importers and exporters of hand-woven and needle-worked cotton tapestries classified under HS code 58050030 must be aware of the importing and exporting states involved. These states play a role in the overall trade process, including customs procedures, documentation requirements, and any state-specific regulations that may apply to the import or export of these tapestries.
HS code 58050030 encompasses hand-woven tapestries nesoi and needle-worked tapestries made of cotton. This code is used to classify and identify these textiles in international trade. Understanding the HS code is crucial for importers, exporters, and customs officials to accurately categorize and process these products. The bound duty rate for HS code 58050030 is free, promoting equal treatment of trading partners. Additionally, there are special tariff preference programs in place for certain countries, offering lower duty rates or duty-free treatment. Importers and exporters must be aware of the specific regulations and requirements of each country involved in the trade process.