When it comes to international trade, there are various codes and classifications in place to ensure smooth transactions, accurate documentation, and proper categorization of goods. One such code is the Harmonized System (HS) code, which is used globally to classify products.
HS Code 59119000 refers to textile products and articles, specifically those used in machinery or plants for technical purposes. This code falls under Chapter 59 of the HS nomenclature, and it is further specified in note 7 of the chapter. The term "nesoi" stands for "not elsewhere specified or included," indicating that this code covers textile products that are not classified under any other specific HS code within Chapter 59.
It is important to note that the HS code is not just a random number assigned to products. It carries significant meaning and has various implications for trade and customs processes. Let's explore some key details related to HS Code 59119000:
The product description for HS Code 59119000 is "Textile products and articles, of a kind used in machinery or plants for technical uses, specified in note 7 to chapter 59, nesoi." This description highlights that the textile products covered by this code are specifically intended for use in machinery or plants for technical purposes. The inclusion of note 7 to Chapter 59 further provides specific details and clarifications regarding the scope of this HS code.
The Bound / Most Favored Nation (MFN) duty rate for HS Code 59119000 is 3.8%. The MFN principle states that whenever 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. This duty rate applies to imports of textile products covered by this HS code, and it is important for importers to consider this cost factor when engaging in international trade.
The quantity unit for HS Code 59119000 is kilograms (KG). This means that the quantity of textile products imported or exported under this HS code is measured in kilograms. It is a standardized unit of measurement used in international trade to facilitate accurate quantity calculations and documentation.
Several countries have specific tariff preference programs in place that offer benefits or exemptions for certain goods, including those covered by HS Code 59119000. The following countries have special tariff rates for imports of textile products under this HS code:
Each of these countries has specific agreements, trade acts, or preferential arrangements that grant them the ability to either offer duty-free treatment or a reduced tariff rate for imports of textile products covered by HS Code 59119000. Importers and exporters should be aware of these special tariff preference programs to maximize cost savings and competitiveness in the respective markets.
HS Code 59119000 applies to both imports and exports involving the United States. Importing US states are the states within the United States where textile products covered by this HS code are being imported. Exporting US states, on the other hand, refer to the states within the United States where these textile products are being exported from. The specific states involved can vary depending on the trading partners and the nature of the transactions.
HS Code 59119000 represents textile products and articles used in machinery or plants for technical purposes. It is important for businesses engaged in international trade to have a clear understanding of this HS code, its product description, duty rates, quantity unit, and any special tariff preference programs associated with it. This knowledge enables them to navigate customs procedures, determine costs, and take advantage of potential benefits or exemptions available under specific trade agreements.