Knitted or crocheted fabrics of artificial fibers are a versatile textile product that finds applications in various industries. This article will provide an in-depth understanding of HS Code 60034060, including its product description, duty rates, quantity unit, and special tariff preference programs. So, let's dive into the details!
HS Code 60034060 refers to knitted or crocheted fabrics of artificial fibers, not elsewhere specified or included, with a width not exceeding 30 cm. It is important to note that this HS code specifically excludes fabrics falling under heading 6001 or 6002.
These fabrics are commonly used in the textile industry for manufacturing various products such as clothing, accessories, home furnishings, and more. The artificial fibers used in the production of these fabrics offer desirable characteristics such as durability, softness, and ease of care.
The bound or most-favored-nation (MFN) duty rate for HS Code 60034060 is 7.6%. This means 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. The duty rate acts as a trade barrier and is imposed to protect domestic industries or regulate imports.
The quantity unit for HS Code 60034060 is kilograms (KG). This unit helps in determining the weight of the imported or exported knitted or crocheted fabrics. It is essential for accurate measurement and valuation of the goods during international trade.
HS Code 60034060 is eligible for various special tariff preference programs, offering different duty rates based on the country of origin or destination. Here are some notable programs and their associated duty rates:
These special tariff preference programs aim to promote trade and enhance economic cooperation between countries. They provide reduced or zero-duty rates for eligible goods, making them more competitive in the international market.
HS Code 60034060 is imported and exported by various US states. The specific states involved in the import and export of knitted or crocheted fabrics of artificial fibers may vary based on market demand, manufacturing capabilities, and supply chain networks. Some of the major importing and exporting US states for this HS code include:
These states play a crucial role in facilitating the trade of knitted or crocheted fabrics, contributing to the growth of the textile industry and overall economy.
HS Code 60034060 represents knitted or crocheted fabrics of artificial fibers with specific characteristics and dimensions. Understanding this HS code is essential for importers, exporters, and industry professionals involved in the trade of textile products. By considering the duty rates and special tariff preference programs, businesses can make informed decisions and leverage opportunities to expand their international trade.