HS Code 53092140 - Woven fabrics of flax, containing less than 85 percent by weight of flax, unbleached or bleached, nesoi
Woven fabrics made from flax have been used for centuries for various applications due to their unique properties and versatility. Flax, also known as linen, is a natural fiber derived from the stem of the flax plant. It is known for its strength, durability, and ability to absorb moisture, making it an ideal material for fabrics.
HS Code 53092140 specifically refers to woven fabrics of flax that contain less than 85 percent by weight of flax. These fabrics can be either unbleached or bleached, depending on the desired end use. The "nesoi" in the product description stands for "not elsewhere specified or included," indicating that this HS code covers woven flax fabrics that do not fall under any other specific category.
When it comes to international trade, HS codes play a crucial role in classifying products for customs purposes. They help streamline the import and export process by providing a standardized system for identifying and categorizing goods. The HS code 53092140 ensures that woven flax fabrics with specific characteristics are accurately identified and classified during international trade transactions.
The quantity unit for this HS code is square meters (M2), which is a common measurement unit for fabrics. This allows for easy quantification and pricing of the woven flax fabrics.
One important aspect to note is the bound or most-favored-nation (MFN) duty rate associated with this HS code. The MFN duty rate refers to the rate applied to a product when a country lowers a trade barrier or opens up a market. In the case of HS code 53092140, the bound duty rate is free. This means that countries are required to apply zero tariffs when importing or exporting woven fabrics of flax falling under this HS code.
However, there are also special tariff preference programs that may apply to this HS code in certain countries. For example, Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Peru, Singapore, and the Dominican Republic-Central American countries (under DR-CAFTA) offer special rate preferences for woven fabrics of flax. These preferences range from duty-free treatment to specific percentage rates.
It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost and competitiveness of the woven flax fabrics in different markets. Taking advantage of these programs can lead to cost savings and enhanced market access.
In the United States, the importing and exporting of woven fabrics of flax falling under HS code 53092140 can occur between various states. The specific importing and exporting states may vary depending on market demand, availability of flax fabrics, and other factors.
HS code 53092140 represents woven fabrics of flax that contain less than 85 percent by weight of flax, whether unbleached or bleached. This HS code is crucial for the accurate classification and identification of these fabrics in international trade. Importers and exporters should be aware of the MFN duty rate as well as any special tariff preference programs that may apply to this HS code in different countries. Understanding and leveraging these programs can result in cost savings and improved market access for woven flax fabrics.
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