The HS Code 58063220 refers to narrow woven fabrics made of man-made fibers, excluding ribbons, that do not contain more than 5% by weight of elastomeric yarn or rubber. These fabrics are commonly used in various industries such as fashion, home textiles, and industrial applications.
When importing or exporting goods classified under HS Code 58063220, it is essential to understand the associated trade regulations, duty rates, and special tariff preference programs. This article aims to provide detailed information about these aspects to facilitate smooth international trade.
HS Code 58063220 covers narrow woven fabrics that are not pile and are made of man-made fibers. These fabrics are versatile and can be used for a wide range of applications, including garment trims, webbing, straps, bindings, and more. It is important to note that this code excludes ribbons and fabrics containing more than 5% elastomeric yarn or rubber.
The bound or Most Favored Nation (MFN) duty rate for goods classified under HS Code 58063220 is 6.2%. The MFN duty rate is the standard rate that applies to all countries unless specific preferential treatment is granted under special tariff preference programs.
Under the World Trade Organization (WTO) rules, countries are required to lower trade barriers and open up their markets for the same goods or services from all their trading partners. This ensures fair and non-discriminatory trade practices.
The quantity unit for goods classified under HS Code 58063220 is kilograms (KG). This unit is commonly used in international trade to measure the weight of the goods being imported or exported.
Several countries have established special tariff preference programs that provide preferential treatment for goods classified under HS Code 58063220. These programs allow for reduced or zero-duty rates, promoting trade and economic cooperation between participating countries.
When importing goods classified under HS Code 58063220 into the United States, there are no specific restrictions on the states that can receive these products. Importers can distribute the goods to any state within the country based on market demand and business requirements.
Similarly, when exporting goods classified under HS Code 58063220 from the United States, there are no restrictions on the states from which these products can be shipped. Exporters can choose the most convenient and cost-effective shipping locations based on their business needs.
HS Code 58063220 covers narrow woven fabrics made of man-made fibers, excluding ribbons, and fabrics with a high elastomeric yarn or rubber content. Understanding the associated trade regulations, duty rates, and special tariff preference programs is crucial for successful international trade involving these goods. Importers and exporters should also consider market demand and business requirements when determining the states involved in the import or export process.