HS Code 60052300 refers to warp knit fabrics made of yarns of different colors, specifically those made on galloon knitting machines, and excluding fabrics falling under headings 6001 to 6004. This HS code is used to classify and identify this particular type of textile product in international trade.
Warp knit fabrics are a type of knitted fabric that is produced by interlocking yarns in a specific pattern. They are known for their strength, durability, and elasticity, making them suitable for a wide range of applications. The use of yarns of different colors adds visual interest and allows for creative and unique designs.
When it comes to trade, the HS code plays an essential role in facilitating international commerce. It provides a standardized classification system for goods, enabling customs authorities and traders to identify and classify products accurately. This ensures transparency and consistency in trade transactions.
The bound or most-favored-nation (MFN) duty rate for HS Code 60052300 is set at 10%. The MFN duty rate is the rate that applies to all countries unless a preferential tariff rate is applicable under special trade agreements or programs. 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.
The quantity unit for importing and exporting HS Code 60052300 is kilograms (KG). This unit of measure indicates the weight of the warp knit fabrics being traded.
Various special tariff preference programs are available for HS Code 60052300. These programs offer reduced or zero-duty rates for specific countries. The following are the details of the special tariff preference programs for this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved. They create favorable conditions for importers and exporters of HS Code 60052300, encouraging trade flows and fostering international relationships.
In terms of importing and exporting HS Code 60052300, there are no specific limitations on the US states involved. The code applies to all states in the United States, allowing for trade of warp knit fabrics of yarns of different colors across the country.
HS Code 60052300 represents warp knit fabrics made of yarns of different colors, excluding fabrics falling under headings 6001 to 6004. This code facilitates the classification and identification of this specific textile product in international trade. With its bound duty rate of 10% and various special tariff preference programs, it enables smooth and efficient trade transactions while promoting economic cooperation between countries.