When it comes to international trade, the Harmonized System (HS) codes play a crucial role in classifying products for import and export purposes. In this article, we will explore the HS code 60049090, which pertains to knitted or crocheted fabrics with a width exceeding 30 cm and containing 5% or more of rubber thread, excluding those covered under heading 6001.
HS code 60049090 is specifically designed to identify and categorize knitted or crocheted fabrics that incorporate rubber thread. This code helps customs authorities, traders, and other stakeholders to ensure accurate and efficient trade operations.
The product description associated with HS code 60049090 refers to knitted or crocheted fabrics that are wider than 30 cm and contain at least 5% of rubber thread. These fabrics are different from those falling under heading 6001. Knitted or crocheted fabrics are textiles made by interlocking loops of yarn, resulting in a flexible and stretchable material.
The presence of rubber thread in these fabrics adds elasticity and stretchability to the textile, making it suitable for various applications in the fashion and apparel industry. The width of these fabrics exceeding 30 cm indicates their potential for use in larger textile products such as garments, home furnishings, and industrial applications.
HS code 60049090 attracts a bound or most-favored-nation (MFN) duty rate of 7%. The MFN principle ensures that when a country lowers its trade barriers or opens up a market, it must apply the same treatment to all its trading partners for the same goods or services.
This duty rate may vary depending on specific trade agreements and tariff preference programs. For example, under certain special tariff preference programs, such as Bahrain Special Rate, Canada-NAFTA (duty-free treatment), Chile Special Rate, Israel Special Rate (duty-free treatment), Jordan Special Rate, Mexico-NAFTA, Dominican Republic-Central American Special Rate (DR-CAFTA), Peru Special Rate, and Singapore Special Rate, the duty rate for HS code 60049090 is reduced or eliminated.
Moreover, some countries have their own specific duty rates for this HS code. For instance, Australia offers a special rate of 3%, while Morocco imposes a duty rate of 0.7%. Oman, on the other hand, has a special rate of 4.2% for this particular product.
The quantity unit for HS code 60049090 is measured in kilograms (KG). This unit of measurement is widely used in international trade to facilitate accurate and standardized calculations of product quantities.
HS code 60049090 is relevant for both importing and exporting activities involving the United States. While it does not specify any restrictions on the importing US states, it is important to note that the choice of exporting US states can impact the trade dynamics and logistics involved in the shipment of knitted or crocheted fabrics containing rubber thread.
As with any international trade, it is essential to comply with all applicable regulations, customs procedures, and documentation requirements when importing or exporting goods under HS code 60049090. Ensuring compliance will help facilitate smooth and efficient trade operations while minimizing any potential delays or penalties.
HS code 60049090 plays a significant role in identifying and classifying knitted or crocheted fabrics containing rubber thread. This code enables accurate tariff assessment, facilitates trade negotiations, and ensures compliance with international trade regulations. Understanding the details and implications associated with this HS code is essential for businesses and individuals involved in the import and export of these textile products.