When it comes to international trade, it is essential to have a standardized system for classifying and identifying different products. This is where the Harmonized System (HS) Code comes into play. Each product is assigned a unique HS code that helps customs authorities and traders worldwide to accurately categorize and track goods.
In this article, we will explore HS Code 60019990, which refers to knitted or crocheted pile fabrics (except long or looped pile) of textile materials other than cotton or man-made fibers (MMF), containing less than 85% by weight of silk.
HS Code 60019990 encompasses a specific type of textile product. It includes knitted or crocheted pile fabrics that do not have long or looped piles. These fabrics are made from textile materials other than cotton or MMF and contain less than 85% silk by weight.
Pile fabrics, also known as plush or velvet fabrics, are characterized by their raised surface or texture. They are often used in the production of various garments, home textiles, and accessories.
The bound or most-favored-nation (MFN) duty rate for HS Code 60019990 is set at 7%. This means that when 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. Therefore, any country importing or exporting knitted or crocheted pile fabrics falling under this HS code will be subject to a 7% duty rate.
The quantity unit for HS Code 60019990 is measured in square meters (M2). This unit is used to determine the area of the fabric being imported or exported. It provides a standardized measurement for trading purposes and helps in calculating costs and quantities accurately.
Several countries have implemented special tariff preference programs for HS Code 60019990. These programs offer reduced or duty-free rates for the import or export of these pile fabrics. Here are some examples:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing incentives for importing or exporting specific goods. Importers and exporters should check the specific requirements and eligibility criteria for each program to take advantage of the reduced or duty-free rates.
HS Code 60019990 applies to imports and exports of knitted or crocheted pile fabrics across various US states. Importing states may include New York, California, Texas, Florida, and Illinois, among others. Exporting states may also vary depending on the location of textile manufacturers and trading companies.
It is important for traders and businesses involved in the import or export of pile fabrics under this HS code to comply with customs regulations, documentation requirements, and any applicable licensing or certification procedures. Engaging with experienced customs brokers or trade consultants can help ensure smooth trade operations and compliance with relevant laws and regulations.
HS Code 60019990 covers knitted or crocheted pile fabrics made from textile materials other than cotton or MMF, containing less than 85% silk by weight. Understanding the specific HS code and its associated duty rates, quantity units, and special tariff preference programs is crucial for international traders and businesses involved in the textile industry.