The HS Code 54078100 refers to a specific type of woven fabric that is made from a combination of synthetic filaments and cotton. This fabric is unbleached or bleached and contains less than 85% synthetic filaments by weight.
When it comes to international trade, the HS Code is an important classification that is used to identify different products. It helps in determining the customs duties, taxes, and other regulatory requirements for importing or exporting goods.
The description of the product under HS Code 54078100 specifies the composition, treatment, and characteristics of the woven fabric. It is crucial for traders, importers, and exporters to understand this information to ensure compliance with the applicable regulations.
The bound or Most Favored Nation (MFN) duty rate for HS Code 54078100 is 14.9%. The MFN principle states that if a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This ensures fair treatment and non-discrimination in international trade.
The quantity unit for this product is square meters (M2). This unit is commonly used to measure the area of fabric, which is important for determining the quantity and value of the imported or exported goods.
There are also special tariff preference programs available for HS Code 54078100. These programs offer reduced or zero-duty rates for specific countries or regions. The following countries have special tariff rates for this product:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved. They provide incentives for businesses to import or export goods at lower duty rates, which can help reduce costs and increase competitiveness.
When importing or exporting goods under HS Code 54078100, it is important to be aware of the specific requirements and regulations of both the importing and exporting countries. This includes compliance with customs procedures, documentation, labeling, and any applicable quality or safety standards.
Overall, understanding the HS Code 54078100 and its associated data is essential for businesses engaged in international trade. It helps ensure smooth customs clearance, accurate classification of goods, and compliance with trade regulations, ultimately facilitating global commerce.