The HS Code 70195940 refers to woven glass fiber woven fabrics that are not colored and measure over 30 cm in width. This code is used to classify and identify this specific type of product for international trade purposes. Understanding the HS Code is essential for importers, exporters, and customs officials to ensure accurate classification and proper application of tariffs and trade policies.
Woven glass fiber fabrics are widely used in various industries for their excellent strength, durability, and heat resistance properties. These fabrics are commonly used in the manufacturing of composites, insulation materials, reinforcement materials, and protective clothing. They are also used in the aerospace, automotive, construction, and marine industries.
When importing or exporting woven glass fiber fabrics classified under HS Code 70195940, it is important to be aware of the bound or most-favored-nation (MFN) duty rate. The current duty rate for this product is 7.3%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The duty rate may vary depending on the country and any applicable trade agreements or special tariff preference programs.
The quantity unit for woven glass fiber fabrics is square meters (M2). This unit of measurement helps in determining the quantity of fabric being imported or exported. It is important to accurately calculate the quantity to ensure compliance with trade regulations and to facilitate proper customs clearance.
Several special tariff preference programs exist for woven glass fiber fabrics classified under HS Code 70195940. These programs allow for duty-free or preferential treatment for imports from specific countries. The countries that offer special rate preferences for this product include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic (under DR-CAFTA), Peru, and Singapore.
Importing and exporting of woven glass fiber fabrics under HS Code 70195940 can occur between various US states and international trading partners. The specific states involved in importing or exporting this product may vary depending on the individual business transactions and market demands.
the HS Code 70195940 is used to classify woven glass fiber woven fabrics that are not colored and measure over 30 cm in width. This code helps in accurately identifying and categorizing the product for international trade purposes. Understanding the HS Code is crucial for importers, exporters, and customs officials to ensure compliance with trade regulations and to benefit from any applicable tariff preference programs.