When it comes to international trade, the Harmonized System (HS) codes play a crucial role in classifying products. One such HS code is 58089000, which covers ornamental trimmings in the piece, without embroidery, other than knitted or crocheted. This code also includes tassels, pompons, and similar articles.
The purpose of HS codes is to provide a standardized classification system that is recognized globally. This helps in facilitating trade and ensuring that trade barriers are reduced. HS codes are used by customs authorities, importers, exporters, and other stakeholders to accurately identify and categorize products.
The product description for HS Code 58089000 is quite specific. It covers ornamental trimmings that are in the piece form, without any embroidery. These trimmings can be made from various materials such as fabric, lace, beads, or other decorative elements. However, it is important to note that this code does not include trimmings that are knitted or crocheted.
Additionally, this HS code also includes tassels, pompons, and similar articles. These are decorative items that are often used in clothing, home furnishings, or crafts to add a touch of elegance or playfulness.
The bound / MFN (Most Favored Nation) duty rate for HS Code 58089000 is 3.9%. This means that whenever a country lowers a trade barrier or opens up a market, it has to apply the same duty rate of 3.9% for the importation of ornamental trimmings and similar articles from all its trading partners. This ensures fair and non-discriminatory trade practices.
The quantity unit for HS Code 58089000 is kilograms (KG). This means that the weight of the imported or exported ornamental trimmings and similar articles is measured in kilograms.
Several special tariff preference programs exist for HS Code 58089000. These programs provide certain countries with preferential treatment or lower duty rates for the importation of ornamental trimmings and similar articles. Here are some examples:
It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost of trade and competitiveness in the market.
HS Code 58089000 is applicable to all importing and exporting US states. This means that ornamental trimmings and similar articles falling under this HS code can be traded between any state within the United States.
Whether you are an importer or exporter of ornamental trimmings, tassels, pompons, or similar articles, it is crucial to understand and comply with the regulations associated with HS Code 58089000. This ensures smooth customs clearance, accurate classification, and adherence to any applicable duty rates or special tariff preference programs.