The HS Code 54072000 refers to woven fabrics that are obtained from strip or similar forms of synthetic textile materials. This code is used to classify and identify specific types of materials for international trade purposes. Understanding the details of this HS code can be beneficial for importers, exporters, and anyone involved in the textile industry.
The product description for HS Code 54072000 specifies that it includes woven fabrics made from strip or similar forms of synthetic textile materials. These fabrics are typically used in various industries, including apparel, home furnishings, and industrial applications. Synthetic textile materials can include polyester, nylon, acrylic, and other man-made fibers.
The bound or most-favored-nation (MFN) duty rate for products under HS Code 54072000 is free. This means that when 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. Importing and exporting these woven fabrics does not incur any duty fees, making them attractive for international trade.
The quantity unit for HS Code 54072000 is square meters (M2). This unit of measurement is used to determine the size and quantity of the woven fabrics being imported or exported. When calculating the cost or volume of the fabrics, square meters are used as a standard unit.
Several countries have special tariff preference programs for products under HS Code 54072000. These programs offer reduced or duty-free rates for importing or exporting these woven fabrics. The specific programs and rates are as follows:
These special tariff preference programs provide opportunities for businesses to access these markets at reduced costs, promoting international trade and economic cooperation between countries.
When importing woven fabrics under HS Code 54072000 into the United States, there are no specific restrictions or limitations based on the data provided. It indicates that the fabrics can be imported into any state within the country.
Similarly, when exporting these woven fabrics from the United States, there are no specific restrictions or limitations mentioned. This means that the fabrics can be exported to any country without any specific state restrictions.
Understanding the HS Code 54072000 and its associated details can help businesses navigate international trade regulations and take advantage of special tariff preference programs. Whether you are an importer or exporter of woven fabrics made from synthetic textile materials, knowing the relevant HS code and its implications can streamline your trade operations and enhance your competitiveness in the global market.