Woven fabrics are a popular choice in the textile industry due to their versatility and durability. One specific type of woven fabric that falls under HS Code 54074400 is fabrics containing 85 percent or more by weight of filaments of nylon or other polyamides, which are also printed with various designs.
When importing or exporting these woven fabrics, it is important to be familiar with the HS code to ensure proper classification and compliance with customs regulations. The HS code serves as a universal identifier for goods in international trade and is used by customs authorities to determine duties, tariffs, and other trade-related measures.
The specific product description for HS Code 54074400 is woven fabrics containing 85 percent or more by weight of filaments of nylon or other polyamides, which are printed. This means that the fabric is made primarily from nylon or other polyamides and features printed designs or patterns.
The bound / MFN (Most Favored Nation) duty rate for HS Code 54074400 is 12%. This means that whenever 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. Therefore, the duty rate of 12% applies to all countries importing or exporting this specific woven fabric.
The quantity unit for HS Code 54074400 is square meters (M2). This unit of measurement is used to determine the area of the woven fabric being imported or exported. It helps in calculating the quantity and value of the fabric for customs purposes.
Several special tariff preference programs are available for the import or export of woven fabrics falling under HS Code 54074400. These programs offer reduced or duty-free rates based on specific trade agreements or bilateral arrangements. The following are the special tariff preference programs applicable to this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved. Importers or exporters can take advantage of these programs to reduce costs and enhance competitiveness in the market.
HS Code 54074400 applies to woven fabrics being imported or exported from various US states. The specific states involved in importing or exporting this product may vary depending on market demand and trade patterns. Some examples of importing US states for this HS code may include California, New York, Texas, and Illinois. Similarly, exporting US states can include North Carolina, South Carolina, Georgia, and Virginia.
It is important for businesses to consider the specific requirements and regulations of the importing and exporting US states when dealing with HS Code 54074400. This ensures compliance with local laws and facilitates smoother trade operations.
HS Code 54074400 represents woven fabrics containing 85 percent or more by weight of filaments of nylon or other polyamides, which are printed. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states associated with this HS code is crucial for successful international trade in this textile category.