When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in identifying and classifying products. HS Code 60063200 specifically refers to dyed knitted or crocheted fabrics of synthetic fibers that are not elsewhere specified or included (nesoi). In this article, we will explore the details of this HS Code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
HS Code 60063200 covers dyed knitted or crocheted fabrics made from synthetic fibers. These fabrics are classified under the broader category of textile products. The term "nesoi" indicates that these fabrics are not specifically mentioned or included in any other category within the HS Code classification system.
Dyed knitted or crocheted fabrics of synthetic fibers are widely used in the textile industry for various applications, including clothing, home furnishings, and industrial uses. The specific composition and characteristics of these fabrics may vary, depending on the type of synthetic fibers used.
The bound / most-favored-nation (MFN) duty rate for HS Code 60063200 is 10%. The MFN principle states 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. This ensures fair and non-discriminatory treatment in international trade.
The 10% duty rate applies to all imports of dyed knitted or crocheted fabrics of synthetic fibers classified under HS Code 60063200, regardless of the country of origin.
The quantity unit for HS Code 60063200 is kilograms (KG). This means that the measurement and pricing of these fabrics are based on weight rather than other units such as meters or yards.
The use of kilograms as the quantity unit allows for a standardized and consistent approach in international trade, facilitating accurate measurement and pricing of the imported or exported fabrics.
HS Code 60063200 is eligible for various special tariff preference programs, which provide preferential duty rates or duty-free treatment for imports from specific countries. The following countries have special tariff rates for dyed knitted or crocheted fabrics of synthetic fibers:
These special tariff preference programs aim to promote trade and economic cooperation between the importing country and the countries mentioned above. Importers from these countries can benefit from reduced duty rates or duty-free treatment, making the importation of dyed knitted or crocheted fabrics of synthetic fibers more cost-effective.
HS Code 60063200 is applicable for imports and exports to and from various states within the United States. The importing and exporting US states are not specifically mentioned in the provided data, so it is important to consult the official trade data or customs information to determine the specific states involved in the trade of dyed knitted or crocheted fabrics of synthetic fibers under this HS Code.
However, it is worth noting that the United States is a significant player in the global textile trade, both as an importer and exporter. Major textile-producing states in the US include North Carolina, South Carolina, Georgia, and California, among others.
HS Code 60063200 encompasses dyed knitted or crocheted fabrics of synthetic fibers, providing a standardized classification for these products in international trade. Importers and exporters should be aware of the duty rates, quantity unit, special tariff preference programs, and the specific importing and exporting US states associated with this HS Code to ensure compliance and optimize trade opportunities.