Narrow woven pile fastener fabric tapes, classified under HS code 58061024, are a type of textile product made from man-made fibers. These tapes are used for various applications, particularly in the fastening industry. It is important to note that this HS code specifically excludes goods of heading 5807, which refers to labels, badges, and similar articles.
When importing or exporting narrow woven pile fastener fabric tapes, it is essential to understand the duty rates and special tariff preference programs associated with this HS code. The bound or Most Favored Nation (MFN) duty rate for this product is 7%. The MFN duty rate ensures that trade barriers are lowered or markets are opened up consistently for all trading partners.
The quantity unit for narrow woven pile fastener fabric tapes is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight of goods being imported or exported.
Several special tariff preference programs exist for narrow woven pile fastener fabric tapes under HS code 58061024. These programs provide reduced or duty-free treatment for specific countries. The countries and their corresponding special rates are as follows:
In addition to the special rates mentioned above, Australia has a special rate of 3% for importing narrow woven pile fastener fabric tapes. Morocco also has a special rate of 0.7% for the same product.
It is crucial for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost of trading this product. Taking advantage of duty-free or reduced-rate programs can lead to cost savings and increased competitiveness in the market.
When it comes to importing narrow woven pile fastener fabric tapes under HS code 58061024, there are no specific restrictions on the importing or exporting US states. However, it is always recommended to check with the relevant authorities and comply with any applicable regulations or documentation requirements.
narrow woven pile fastener fabric tapes classified under HS code 58061024 are an important textile product used in the fastening industry. Understanding the duty rates, special tariff preference programs, and quantity unit associated with this HS code is essential for importers and exporters. By staying informed and leveraging the available benefits, businesses can optimize their trading activities and maximize their competitiveness in the global market.