Printed knitted or crocheted fabrics of artificial fibers, nesoi, fall under HS Code 60064400. This code is used to classify and identify these specific types of fabrics when importing or exporting them. Understanding the HS code is essential for international trade as it helps in determining the applicable duty rates, special tariff preference programs, and other relevant information.
The product description clearly states that the fabrics in question are printed, knitted or crocheted, and made of artificial fibers. This code is used to differentiate these fabrics from others, making it easier for customs authorities and traders to classify and track them.
When it comes to duty rates, the bound or most favored nation (MFN) duty rate for HS Code 60064400 is 10%. The MFN principle ensures that countries lower trade barriers and open up their markets for the same goods or services from all trading partners. Therefore, regardless of the country of origin, the duty rate remains consistent.
The quantity unit for this HS code is kilograms (KG). This unit of measurement is used to determine the weight of the fabrics being imported or exported.
In addition to the duty rate, there are special tariff preference programs that apply to HS Code 60064400. These programs offer reduced or duty-free rates for specific countries. For example, fabrics imported from Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Peru, and Singapore are eligible for duty-free treatment. Fabrics imported from Australia are subject to a 3% special rate, those from Morocco at 1%, and fabrics from Oman at 6%.
It's important to note that the special tariff preference programs may change over time, so it's always advisable to consult the latest regulations and agreements when importing or exporting goods.
When it comes to the importing and exporting of these fabrics, the data does not provide specific details about the US states involved. However, the HS code is used universally, and traders from any state in the US can import or export goods classified under HS Code 60064400.
HS Code 60064400 is used to classify and identify printed knitted or crocheted fabrics of artificial fibers. It helps in determining the duty rates, special tariff preference programs, and other relevant information for these fabrics. Traders and customs authorities must be familiar with this code to ensure accurate classification and adherence to trade regulations.