The HS Code 60019200 refers to knitted or crocheted pile fabrics made from man-made fibers, excluding "long pile" or looped pile fabrics. This code is used to classify and identify these specific types of textiles in international trade.
The product description specifies that the fabrics must be knitted or crocheted and made from man-made fibers. Pile fabrics are characterized by their raised surface, created by loops or cut fibers. However, the code excludes fabrics with long pile or looped pile, which fall under different classifications.
When importing or exporting goods classified under HS Code 60019200, it is essential to understand the associated duty rates and any special tariff preference programs that may apply.
The bound / MFN (Most Favored Nation) duty rate for HS Code 60019200 is 17.2%. 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 all countries unless otherwise specified through special tariff preference programs.
The quantity unit for HS Code 60019200 is square meters (M2). This unit is used to measure the area of the knitted or crocheted pile fabrics being imported or exported.
Several countries have special tariff preference programs in place for goods classified under HS Code 60019200. These programs offer reduced or duty-free rates for imports and exports between specific countries. The following are the special rates for different countries:
These special tariff preference programs aim to promote trade and economic cooperation between the participating countries, providing advantages and incentives for businesses engaged in the import and export of knitted or crocheted pile fabrics.
HS Code 60019200 applies to imports and exports of knitted or crocheted pile fabrics within the United States. The specific states involved in importing or exporting these goods may vary depending on trade agreements, business partnerships, and market demand.
Understanding the HS Code 60019200 and its associated regulations is crucial for businesses involved in the import and export of knitted or crocheted pile fabrics. Compliance with duty rates and utilization of special tariff preference programs can significantly impact the cost and competitiveness of these textile products in the global market.