Narrow woven fabrics are an essential component of various products, ranging from clothing and accessories to home furnishings. The HS code 58063100 specifically refers to narrow woven fabrics made of cotton, excluding goods falling under heading 5807. These fabrics are not pile fabrics and do not contain 5% or more of elastomeric yarn or rubber.
Understanding the HS code 58063100 is crucial for importers, exporters, and manufacturers involved in the textile industry. This article aims to provide an extensive guide to narrow woven fabrics, covering various aspects such as product description, duty rates, quantity units, and special tariff preference programs.
Narrow woven fabrics encompass a wide range of textile products, including ribbons, tapes, braids, and trimmings. These fabrics are characterized by their narrow width, typically measuring less than 30 centimeters. They are commonly used for decorative and functional purposes in garments, accessories, and other textile applications.
The HS code 58063100 specifically excludes fabrics falling under heading 5807, which pertains to labels, badges, and similar goods. Additionally, narrow woven fabrics classified under this HS code must not contain 5% or more of elastomeric yarn or rubber.
The bound / MFN (Most Favored Nation) duty rate for goods classified under HS code 58063100 is 8.8%. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of import duties.
Importers and exporters dealing with narrow woven fabrics should consider this duty rate when calculating the cost of their transactions. It is essential to stay updated with any changes in trade policies that may affect the duty rates for this HS code.
The quantity unit for narrow woven fabrics classified under HS code 58063100 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight of goods being imported or exported.
When engaging in trade involving narrow woven fabrics, it is crucial to accurately determine the weight of the goods to ensure compliance with customs regulations and facilitate smooth logistics processes.
Various countries have established special tariff preference programs that offer reduced or duty-free rates for imports of narrow woven fabrics classified under HS code 58063100. These programs aim to promote trade and strengthen economic cooperation between countries.
The following are some of the special tariff preference programs applicable to narrow woven fabrics:
These special rates provide importers with cost advantages, making it more favorable to trade narrow woven fabrics with countries covered by these programs. It is essential to consult the latest trade agreements and regulations to determine eligibility for these special tariff preference programs.
When importing or exporting narrow woven fabrics classified under HS code 58063100 to or from the United States, it is important to consider the specific requirements and regulations imposed by different states.
Each US state may have its own rules and regulations regarding the import and export of textiles. Importers and exporters should familiarize themselves with the specific requirements of the states involved in their trade transactions to ensure compliance and avoid any potential penalties or delays.
the HS code 58063100 represents narrow woven fabrics made of cotton, excluding goods falling under heading 5807. Importers, exporters, and manufacturers in the textile industry should be familiar with this HS code to facilitate international trade. Understanding the product description, duty rates, quantity units, and special tariff preference programs associated with HS code 58063100 can help businesses make informed decisions and optimize their trade operations.