HS Code 54075310: Woven Fabrics of Textured Polyester Filaments
Woven fabrics are an essential part of the textile industry. They are used in various sectors such as fashion, home furnishings, and industrial applications. One specific type of woven fabric is made from textured polyester filaments, and it falls under HS Code 54075310.
Product Description:
The fabrics classified under HS Code 54075310 are woven using different colored yarns and have a specific thread count. The warp (vertical) thread count ranges from 69 to 142 threads per centimeter, while the filling (horizontal) thread count ranges from 31 to 71 threads per centimeter. These fabrics are primarily composed of textured polyester filaments, which account for over 85% of the fabric's composition.
Bound / MFN Duty Rate:
When importing woven fabrics classified under HS Code 54075310, a bound or Most Favored Nation (MFN) duty rate is applicable. The duty rate includes a fixed amount of 18.8 cents per kilogram, along with an additional 17.4% of the product's value. This duty rate is imposed whenever a country lowers a trade barrier or opens up a market. It ensures that the same goods or services receive equal treatment from all trading partners.
Quantity Unit:
The quantity unit used to measure and trade these woven fabrics is square meters (M2). This unit allows for accurate measurement and ensures consistency in international trade.
Special Tariff Preference Programs:
Certain countries have established special tariff preference programs for woven fabrics classified under HS Code 54075310. These programs provide preferential treatment in terms of duty rates for imports from specific countries. Here is a list of countries and their respective tariff rates:
- Bahrain (BH): Duty-free treatment
- Canada (CA): NAFTA for Canada (duty-free treatment)
- Chile (CL): Duty-free treatment
- Israel (IL): Duty-free treatment
- Jordan (JO): Duty-free treatment
- Mexico (MX): NAFTA for Mexico
- Oman (OM): Duty-free treatment
- Peru (P): Duty-free treatment
- Singapore (SG): Duty-free treatment
- Australia (AU): 3% duty rate
- Morocco (MA): 1.9?/kg + 1.7% duty rate
These special tariff preference programs aim to promote trade and provide incentives for certain countries to import woven fabrics.
Importing and Exporting US States:
When it comes to the trade of woven fabrics classified under HS Code 54075310, it is essential to consider the specific importing and exporting US states. The demand for these fabrics may vary across different states due to factors such as manufacturing industries, fashion trends, and consumer preferences. Understanding the market dynamics of different states can help businesses make informed decisions regarding imports and exports.
woven fabrics made from textured polyester filaments, falling under HS Code 54075310, play a significant role in the textile industry. The product description, bound/MFN duty rate, quantity unit, and special tariff preference programs provide vital information for importers and exporters. By keeping these details in mind, businesses can navigate international trade more effectively and take advantage of the benefits provided by special tariff programs.
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