When it comes to international trade, it is essential to have a standardized system that categorizes products for customs purposes. This is where the Harmonized System (HS) Code comes into play. The HS Code 58063930 refers to narrow woven fabrics that are not classified under heading 5807. These fabrics are not pile and are made of textile materials not elsewhere specified, as long as they do not contain 5% or more elastomeric yarn or rubber by weight.
Narrow woven fabrics are versatile and find applications in various industries. They are commonly used in the manufacturing of accessories such as belts, straps, suspenders, and trimmings. These fabrics are also utilized in the production of medical and surgical products, including bandages, dressings, and orthopedic supports. Additionally, narrow woven fabrics play a crucial role in the automotive sector for seat belts and webbing.
Now, let's delve into the details of the HS Code 58063930 and explore its implications for international trade.
The bound or Most Favored Nation (MFN) duty rate for the HS Code 58063930 is free. This means that every time 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. As a result, countries importing or exporting narrow woven fabrics under this HS Code can benefit from duty-free treatment.
The quantity unit for the HS Code 58063930 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported narrow woven fabrics.
Several countries have special tariff preference programs in place for the HS Code 58063930. These programs offer specific trade benefits to eligible trading partners. Let's take a closer look at some of these programs:
These special tariff preference programs facilitate trade and promote economic cooperation between countries, providing advantages to importers and exporters of narrow woven fabrics.
When it comes to importing the HS Code 58063930 into the United States, there are no specific restrictions or requirements mentioned in the provided data. However, it is important to note that certain regulations and customs procedures may apply, depending on the nature of the products and any additional trade agreements between countries.
Similarly, the data does not provide information about the exporting US states for the HS Code 58063930. The exporting US states may vary depending on the production capacity, demand, and competitiveness of narrow woven fabrics in different regions of the country.
the HS Code 58063930 covers narrow woven fabrics made of textile materials not elsewhere specified, excluding those containing 5% or more elastomeric yarn or rubber by weight. This code allows for duty-free treatment in various countries, promoting trade and economic growth. Narrow woven fabrics have widespread applications in industries such as fashion, healthcare, and automotive, making them a vital component of international trade.