Unbleached or bleached warp knit fabrics of artificial fiber fall under HS Code 60054100. This code categorizes these fabrics as distinct from other types of warp knit fabrics, specifically those classified under headings 6001 to 6004. The code serves as a standardized system for classifying and identifying goods in international trade.
When importing or exporting unbleached or bleached warp knit fabrics of artificial fiber, it is important to understand the associated duties and special tariff preference programs. The bound or most favored nation (MFN) duty rate for this HS code is 10%. This means that regardless of the country of origin, a 10% duty will be applied to these fabrics when traded internationally.
However, several special tariff preference programs offer exemptions or reduced rates for certain trading partners. The following countries benefit from free or preferential tariff rates for HS Code 60054100:
In addition to these preferential programs, Australia (AU) enjoys a 3% special tariff rate for importing HS Code 60054100. Morocco (MA) benefits from a 1% special rate, while Oman (OM) has a 6% special rate.
When importing unbleached or bleached warp knit fabrics of artificial fiber, the quantity unit is measured in kilograms (KG). This unit of measurement helps in determining the volume or weight of the fabrics being traded.
It is also important to consider the importing and exporting US states when dealing with HS Code 60054100. The specific states involved in the trade transaction can have an impact on various factors such as logistics, transportation costs, and regional regulations.
Understanding the details and implications of HS Code 60054100 is crucial for businesses and individuals involved in the import and export of unbleached or bleached warp knit fabrics of artificial fiber. By staying informed about the associated duties, special tariff preference programs, and relevant units of measurement, traders can navigate the international trade landscape more effectively.