The Harmonized System (HS) code is an internationally recognized system used to classify and identify products for import and export. HS Code 54077310 refers to woven fabrics that contain 85% or more synthetic filaments and have a thread count of more than 69-142/cm in the warp direction and 31-71/cm in the filling direction. These fabrics are also made of different colored yarns, adding to their aesthetic appeal and versatility.
When importing or exporting goods, it is essential to understand the HS code to ensure accurate classification and adherence to trade regulations. HS Code 54077310 specifically categorizes woven fabrics that meet the aforementioned criteria, enabling customs authorities and traders to identify and handle these products appropriately.
Product Description:
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate for HS Code 54077310 is free. This means that countries must lower their trade barriers and open up their markets for the same goods or services from all their trading partners. This promotes fair and equal trade opportunities for all participating countries.
Quantity Unit:
The quantity unit for HS Code 54077310 is square meters (M2). This unit of measurement is commonly used to determine the area of the woven fabrics being imported or exported.
Special Tariff Preference Programs:
Several countries offer special tariff preference programs for products classified under HS Code 54077310. These programs provide preferential duty rates or duty-free treatment to promote trade and economic cooperation. The following countries have special tariff rates for this HS code:
Importing US States:
HS Code 54077310 allows the importation of woven fabrics containing 85% or more synthetic filaments to all states within the United States. Traders can ship these fabrics to any US state without restrictions, provided all other import requirements are met.
Exporting US States:
When exporting woven fabrics under HS Code 54077310 from the United States, there are no specific restrictions on the states from which the goods can be exported. Traders can ship these fabrics from any US state to their desired international destinations, following the necessary export procedures and documentation.
Understanding HS Code 54077310 and its associated regulations is crucial for importers, exporters, and customs authorities. Accurate classification and compliance with trade regulations ensure smooth trade operations and facilitate international commerce. By familiarizing yourself with the details of this HS code, you can confidently engage in the import and export of woven fabrics containing 85% or more synthetic filaments.