Woven fabrics are essential materials in various industries, and they play a crucial role in the global trade market. The HS Code 54076129 specifically focuses on a particular type of woven fabric, which we will explore in detail in this educational article.
The HS Code 54076129 refers to woven fabrics made of 85% or more non-textured polyester yarn. These fabrics come in different colors and have specific characteristics. The warp (lengthwise yarns) ranges from 69 to 142 units, while the filling (crosswise yarns) ranges from greater than 31 to 71 units. It is important to note that this fabric is not made of 100% polyester single yarn. The yarn used has a thickness of 75-80dtx, with 24 filaments per yarn and a twist of 900 or more turns per meter.
Woven fabrics with this HS code can be used in various applications such as apparel, upholstery, home textiles, and industrial purposes. The specific composition and characteristics make it suitable for different end uses.
The bound / MFN (Most Favored Nation) duty rate for HS Code 54076129 is 12.2 cents per kilogram plus an additional 11.3% of the import value. This duty rate is applicable to all countries when importing this specific woven fabric. It ensures that trade barriers are lowered or markets are opened up uniformly for all trading partners.
It is important for importers and exporters to consider this duty rate while calculating the overall cost of the goods and determining the competitiveness of the product in the market.
The quantity unit for HS Code 54076129 is measured in square meters (M2). This unit indicates the area of the woven fabric being imported or exported. It is crucial to accurately measure and report the quantity to ensure compliance with customs regulations and facilitate smooth trade transactions.
Under special tariff preference programs, certain countries enjoy preferential treatment when importing woven fabrics with HS Code 54076129. These programs offer reduced or zero import duties, making trade more favorable for eligible countries. The specific programs and their respective benefits are as follows:
Importers and exporters should take advantage of these special tariff preference programs to reduce costs and enhance competitiveness in the market. Understanding the eligibility criteria and requirements for each program is crucial to benefit from the preferential treatment.
While the HS Code 54076129 applies to global trade, it is also important to consider the specific states involved in importing and exporting this woven fabric within the United States. The exact list of importing and exporting US states for this particular product is not provided in the given data. However, it is essential for traders to identify their target states when engaging in trade activities related to HS Code 54076129.
Each state within the US may have its own regulations, requirements, and trade policies that importers and exporters must comply with. Researching and understanding these state-specific considerations is essential to ensure smooth trade operations.
HS Code 54076129 covers woven fabrics made of 85% or more non-textured polyester yarn. This code is crucial for importers, exporters, and traders involved in the global textile industry. Understanding the product description, duty rates, quantity units, special tariff preference programs, and state-specific considerations is essential for successful trade operations and compliance with relevant regulations.