Woven fabrics specified in note 9 to section XI, of synthetic filament yarn, nesoi, fall under the HS Code 54073090. This code is used to classify and categorize these particular types of fabrics in international trade.
When importing or exporting goods, it is important to be aware of the HS code as it helps in determining the applicable duty rates and trade policies. In the case of HS Code 54073090, the bound or most-favored nation (MFN) duty rate is 8%. 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 quantity unit for these woven fabrics is square meters (M2). This unit helps in accurately measuring and calculating the amount of fabric being imported or exported.
There are also special tariff preference programs that apply to HS Code 54073090. These programs offer reduced or duty-free rates for certain countries. The following countries enjoy special tariff rates for this HS code:
Additionally, Australia enjoys a special tariff rate of 3% for this HS code, while Morocco has a special rate of 0.8%.
When importing goods under HS Code 54073090 to the United States, it is vital to understand the specific regulations and requirements of both the exporting and importing US states. Compliance with these regulations ensures smooth and legal trade between the two countries.
HS Code 54073090 is used to classify and identify woven fabrics of synthetic filament yarn. Knowing this code helps in determining duty rates and trade policies. Special tariff preference programs exist for certain countries, offering reduced or duty-free rates. Understanding the regulations of both exporting and importing US states is crucial for successful trade.