HS Code 54075400: Woven fabrics, containing 85 percent or more by weight of textured polyester filaments, printed
Woven fabrics are an essential component of the textile industry. They are versatile and can be used for various purposes such as clothing, upholstery, and home decor. One specific type of woven fabric is the one classified under HS Code 54075400. This code refers to woven fabrics that contain 85 percent or more by weight of textured polyester filaments and are printed.
When importing or exporting goods, it is crucial to understand the HS Code assigned to the product. The HS Code system is a standardized international method of categorizing traded products. It helps classify goods for customs purposes, facilitates trade negotiations, and provides statistical data for economic analysis.
Under HS Code 54075400, the product description specifies that the woven fabrics are made primarily of textured polyester filaments. Textured polyester is a synthetic fiber known for its durability, wrinkle resistance, and ability to hold color well. The fabrics are also printed, which adds aesthetic appeal and design to the material.
The bound or most-favored-nation (MFN) duty rate for products classified under HS Code 54075400 is 14.9%. The MFN duty rate is the tariff rate applied to a product when 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.
The quantity unit for this HS Code is measured in square meters (M2). This unit helps determine the size and quantity of the woven fabrics being traded. It is essential for accurate pricing and logistics calculations during import or export processes.
In addition to the general duty rate, there are special tariff preference programs available for products classified under HS Code 54075400. These programs provide preferential duty rates or duty-free treatment for specific countries. The following countries have special tariff rates for this HS Code:
- Bahrain (BH)
- Canada (CA) - NAFTA for Canada (duty-free treatment)
- Chile (CL) - Chile Special Rate
- Israel (IL) - Israel Special Rate (duty-free treatment)
- Jordan (JO) - Jordan Special Rate
- Mexico (MX) - NAFTA for Mexico
- Oman (OM) - Oman Special Rate
- Panama (P) - Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru (PE) - Peru Special Rate
- Singapore (SG) - Singapore Special Rate
Australia (AU) has a special tariff rate of 3% for this HS Code, and Morocco (MA) has a special tariff rate of 1.5%.
When importing products classified under HS Code 54075400 to the United States, it is essential to consider the specific regulations and requirements of the importing and exporting US states involved. Each state may have its own regulations regarding customs, taxes, and documentation, which should be followed to ensure smooth trade operations.
HS Code 54075400 refers to woven fabrics containing 85 percent or more by weight of textured polyester filaments that are printed. Understanding the HS Code is crucial for importers, exporters, and traders as it helps classify products, determine duty rates, and access special tariff preference programs. Proper knowledge of the HS Code system ensures compliance with customs regulations and facilitates international trade.
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