Labels play an important role in various industries, providing essential information and identification for products. HS Code 58079005 specifically refers to labels made of nonwoven materials, such as cotton or man-made fibers, that are either in the piece, in strips, or cut to a specific shape or size.
The HS code system is used globally to classify and categorize traded goods. It helps to standardize the classification of products, making it easier for customs authorities and traders to identify and track goods. HS Code 58079005 provides a specific category for nonwoven labels, ensuring clarity and consistency in international trade.
When importing or exporting goods classified under HS Code 58079005, it is important to understand the associated duty rates and any special tariff preference programs that may apply. The bound/ MFN (Most Favored Nation) duty rate for this HS code is 7.9%. 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.
The quantity unit for HS Code 58079005 is kilograms (KG). This unit of measurement is used to determine the weight of the labels being imported or exported.
Several special tariff preference programs apply to HS Code 58079005. These programs offer reduced or duty-free treatment for certain countries. The following countries enjoy free tariff treatment: Bahrain (BH), Canada (CA) under NAFTA (North American Free Trade Agreement), Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), and Singapore (SG).
Additionally, Australia (AU) has a special rate of 3% for HS Code 58079005, and Morocco (MA) has a special rate of 0.8% for this HS code.
When importing goods classified under HS Code 58079005 to the United States, it is important to be aware of any restrictions or regulations imposed by individual states. Similarly, when exporting these goods from the United States, it is important to consider the requirements of the destination country.
HS Code 58079005 provides a specific classification for labels made of nonwoven materials, facilitating international trade and ensuring consistency in the categorization of goods. Understanding the associated duty rates and special tariff preference programs can help importers and exporters make informed decisions and take advantage of any available benefits.