Woven glass fiber woven fabric is a versatile material that finds wide applications in various industries. Understanding its classification and import/export regulations can help businesses navigate the international trade landscape more effectively. In this article, we will delve into the details of HS Code 70195240, providing a comprehensive guide to this specific product.
The HS Code 70195240 refers to woven glass fiber woven fabric. This fabric is not colored and is not made of rovings. It is constructed using a plain weave pattern and has a width of over 30 centimeters. The fabric weighs less than 250 grams per square meter and does not have any single yarn over 136 tex. It is important to note that the "nesoi" abbreviation signifies that the fabric falls under the "not elsewhere specified or included" category.
For HS Code 70195240, the bound or most-favored-nation (MFN) duty rate stands at 7.3%. The MFN duty rate is a tariff imposed on imported goods when a country lowers a trade barrier or opens up its market. It is applicable to the same goods or services from all trading partners of the country. This duty rate ensures fair trade practices and equal treatment for all participating nations.
The quantity unit for HS Code 70195240 is square meters (M2). This unit of measurement is commonly used to quantify the area of fabric required for a specific application. When importing or exporting woven glass fiber woven fabric, businesses need to provide the quantity in square meters to accurately calculate costs and manage logistics.
Several countries and regions offer special tariff preference programs for HS Code 70195240. These programs provide certain trade benefits and exemptions that can enhance the competitiveness of businesses involved in the import/export of woven glass fiber woven fabric. The following countries and regions have special tariff rates or duty-free treatment for this product:
These special tariff preference programs can significantly impact the cost and competitiveness of trade in woven glass fiber woven fabric. Businesses should carefully consider these programs when planning import or export strategies.
HS Code 70195240 is relevant for both importing and exporting in the United States. This means that businesses located in any state within the US can engage in the import and export of woven glass fiber woven fabric under this HS Code. The import/export regulations and procedures for this product are applicable nationwide, ensuring a standardized approach to trade.
HS Code 70195240 encompasses woven glass fiber woven fabric that meets specific criteria regarding color, rovings, weave pattern, width, weight, and yarn thickness. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and import/export scope can help businesses navigate the international trade landscape more effectively. By staying up-to-date with the relevant regulations and leveraging the available trade benefits, businesses can optimize their import/export strategies for woven glass fiber woven fabric.