HS Code 54074200: Woven fabrics, containing 85 percent or more by weight of filaments of nylon or other polyamides, dyed
Woven fabrics are a popular choice in the textile industry due to their durability and versatility. One particular type of woven fabric that falls under HS Code 54074200 is fabric made from nylon or other polyamides. This article will provide an extensive overview of this HS code and its relevant information.
The HS Code 54074200 refers to woven fabrics that contain 85 percent or more by weight of filaments of nylon or other polyamides. These fabrics are dyed, which means that they have undergone a coloring process to enhance their visual appeal. The dyeing process ensures that the fabric retains its color even after repeated use and washing.
When it comes to trade barriers and market access, countries typically impose certain duties on imported goods. The bound or MFN (Most Favored Nation) duty rate for HS Code 54074200 is 14.9%. 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. This duty rate is applicable to woven fabrics falling under this HS code.
The quantity unit for HS Code 54074200 is square meters (M2). This unit is used to measure the area of the fabric, which is important for determining the quantity of fabric required for various purposes such as manufacturing clothing, upholstery, or other textile products.
In addition to the duty rate, there are special tariff preference programs available for imports of woven fabrics falling under HS Code 54074200. These programs provide varying levels of duty exemption or reduction based on the country of origin. The following countries have special tariff rates for this HS code:
- Bahrain (Free)
- Canada (NAFTA - duty-free treatment)
- Chile (Special Rate)
- Israel (Special Rate - duty-free treatment)
- Jordan (Special Rate)
- Mexico (NAFTA - duty-free treatment)
- Oman (Special Rate)
- Dominican Republic-Central America (DR-CAFTA - Special Rate)
- Peru (Special Rate)
- Singapore (Special Rate)
- Australia (3% special rate)
- Morocco (1.5% special rate)
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved by providing preferential treatment to certain goods.
When it comes to importing woven fabrics falling under HS Code 54074200, various states in the United States engage in trade with exporting states. The specific states involved in importing and exporting goods can vary and depend on the trading partners and their respective demands.
HS Code 54074200 covers woven fabrics made from nylon or other polyamides that are dyed. The code provides information on the duty rate, quantity unit, and special tariff preference programs available for imports of these fabrics. Understanding the HS code and its associated information is essential for importers, exporters, and other stakeholders in the textile industry to ensure compliance and make informed decisions regarding trade.
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