When it comes to international trade, it is important to have a clear understanding of the products being imported or exported. The Harmonized System (HS) codes provide a standardized classification system for goods, making it easier for countries to track and regulate trade. One such HS code is 60039090, which pertains to knitted or crocheted fabrics of a specific width and composition.
The product description for HS code 60039090 states that it includes knitted or crocheted fabrics that are not classified under heading 6001 or 6002 and have a width not exceeding 30 cm. This code helps customs officials and traders to identify and categorize these fabrics for import and export purposes.
It is important to note that countries may impose different duty rates on goods based on their HS codes. In the case of HS code 60039090, the bound or most-favored-nation (MFN) duty rate is 6.6%. 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. This principle of non-discrimination ensures fair trade practices and equal treatment for all countries.
The quantity unit for HS code 60039090 is kilograms (KG). This unit of measurement helps in determining the quantity of knitted or crocheted fabrics being imported or exported. It is important for traders to accurately report the quantity in order to comply with customs regulations.
There are also special tariff preference programs associated with HS code 60039090. These programs offer reduced or duty-free rates for certain countries. The following countries have special tariff rates for this HS code:
Additionally, there are specific rates for some countries under the special tariff preference programs:
These special tariff rates incentivize trade and promote economic cooperation between countries. Traders can take advantage of these preferential rates to reduce costs and enhance competitiveness in the market.
Importing and exporting under HS code 60039090 is not limited to specific US states. This code applies to all states in the US, allowing for seamless trade across the country. Similarly, there are no restrictions on the exporting US states for this HS code.
Overall, HS code 60039090 plays a crucial role in the classification and regulation of knitted or crocheted fabrics not covered under other headings. By understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this code, traders can ensure compliance with customs regulations and make informed decisions in international trade.