Woven fabrics play a vital role in various industries, providing the foundation for countless products we use every day. One specific category within the woven fabric family is HS Code 54076910, which refers to fabrics containing 85% or more by weight of polyester filaments, whether unbleached or bleached. In this article, we will delve into the details of this HS code, including its product description, duty rates, quantity units, and special tariff preference programs.
The HS Code 54076910 encompasses woven fabrics that are primarily composed of polyester filaments. Polyester, a synthetic fiber known for its durability and versatility, is widely used in the textile industry. Fabrics falling under this HS code can be either unbleached or bleached, depending on the desired application or end-use. These fabrics are commonly used in the production of garments, home textiles, industrial textiles, and more.
The bound or Most Favored Nation (MFN) duty rate for HS Code 54076910 is 14.9%. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of customs duties. It is essential to consider this duty rate when importing or exporting woven fabrics under this HS code to ensure compliance with international trade regulations.
When it comes to measuring the quantity of woven fabrics under HS Code 54076910, the standard unit is square meters (M2). This unit of measurement provides a convenient and accurate way to determine the surface area of the fabric. It aids in calculating the required quantity for specific manufacturing processes, estimating shipping costs, and ensuring accurate invoicing.
HS Code 54076910 is eligible for various special tariff preference programs, offering reduced or duty-free rates for specific countries. These programs aim to promote trade and economic cooperation between nations. Here are some notable special tariff preference programs applicable to this HS code:
It is important for importers and exporters to be aware of these special tariff preference programs to take advantage of reduced duty rates and enhance their competitiveness in international trade.
HS Code 54076910 is not limited to imports and exports from specific US states. It can be imported or exported from any state within the United States. Whether you are in California, Texas, New York, or any other state, you can engage in trade involving woven fabrics under this HS code, subject to applicable customs regulations and procedures.
HS Code 54076910 covers woven fabrics containing 85% or more by weight of polyester filaments, whether unbleached or bleached. It is crucial for businesses involved in the textile industry to familiarize themselves with the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code. By understanding these details, importers and exporters can navigate international trade more effectively, capitalize on preferential tariff rates, and expand their market reach.