The HS Code 54074100 refers to woven fabrics that contain 85 percent or more by weight of filaments of nylon or other polyamides, whether they are unbleached or bleached. This code is used to classify and identify this specific type of textile product for international trade purposes.
When importing or exporting goods classified under this HS code, it is important to consider various factors such as duty rates, quantity units, and special tariff preference programs. Let's explore these aspects in more detail:
The bound or MFN (Most Favored Nation) duty rate for products under HS Code 54074100 is 13.6%. This means that whenever a country lowers a trade barrier or opens up its market, it must apply the same duty rate to all its trading partners for the same goods or services.
The quantity unit for products classified under this HS code is square meters (M2). This unit of measurement helps facilitate accurate calculations and transactions when dealing with woven fabrics containing nylon or other polyamides.
Several special tariff preference programs are available for products falling under HS Code 54074100. These programs offer specific tariff rates or even duty-free treatment to eligible countries. Here are some examples:
Additionally, Australia (AU) has a special rate of 3% for imports under this HS code, while Morocco (MA) has a special rate of 1.3%.
When it comes to the import and export of products classified under HS Code 54074100, it is important to consider the specific states involved. While the provided data does not mention any specific importing or exporting US states, it is worth noting that different states may have varying regulations, taxes, and procedures related to international trade.
the HS Code 54074100 represents woven fabrics containing nylon or other polyamides. Understanding the duty rates, quantity units, and special tariff preference programs associated with this code is essential for importers, exporters, and other stakeholders involved in international trade.