The HS Code 60054400 refers to printed warp knit fabrics made of artificial fibers. These fabrics are different from those included in headings 6001 to 6004. They are commonly produced using a galloon knitting machine.
When importing products under this HS code, it is important to be aware of the bound or MFN (Most Favored Nation) duty rate, which is set at 10%. This means that every time 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 used for this HS code is kilograms (KG). This measurement is crucial for determining the weight and quantity of the imported warp knit fabrics.
There are also special tariff preference programs available for this product. In some countries, the import duty is completely waived, while in others, a reduced duty rate is applied. The countries that offer duty-free treatment for HS Code 60054400 include Bahrain (BH), Canada (CA) under NAFTA (North American Free Trade Agreement), Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Peru (P), and Singapore (SG).
Additionally, Australia (AU) applies a 3% special rate for imports under this HS code, while Morocco (MA) offers a special rate of 1%. Oman (OM) applies a special rate of 6% for these products.
When importing products under HS Code 60054400 to the United States, it is essential to consider which states are the main exporters of these goods. Similarly, when exporting from the United States, it is crucial to know which states are the main importers of printed warp knit fabrics of artificial fibers.
By understanding the details and implications of HS Code 60054400, importers and exporters can effectively navigate the international trade landscape and ensure compliance with customs regulations and duty rates.