Woven fabrics play a crucial role in numerous industries, ranging from fashion and interior design to automotive and industrial applications. One particular HS code that falls under this category is 54078300, which represents woven fabrics composed of less than 85 percent synthetic filaments mixed mainly or solely with cotton, and woven from yarns of different colors.
The HS Code 54078300 describes woven fabrics that are a combination of synthetic filaments and cotton. These fabrics are made by intertwining yarns of different colors, resulting in visually appealing patterns and designs. The synthetic filaments used in these fabrics can be made from various materials such as polyester, nylon, or acrylic, while cotton provides comfort, breathability, and durability.
The bound or most-favored-nation (MFN) duty rate for HS Code 54078300 is 8.5%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 8.5% for these woven fabrics from all its trading partners. This consistent duty rate promotes fair trade and equal treatment among countries.
The quantity unit for HS Code 54078300 is square meters (M2). This unit of measurement allows for precise calculations and ensures accurate trade transactions. Importers and exporters can determine the quantity of woven fabrics they are dealing with based on the square meters they are buying or selling.
HS Code 54078300 is eligible for various special tariff preference programs, offering reduced or duty-free rates for specific countries. Here is a breakdown of the special tariff preference programs applicable to this HS code:
These special tariff preference programs aim to promote trade between specific countries and encourage economic cooperation. Importers and exporters can take advantage of these programs to reduce costs and enhance competitiveness.
HS Code 54078300 can be imported or exported from various US states. The specific states involved in the import and export of these woven fabrics may vary depending on market demand and trading activities. Some notable US states involved in the trade of HS Code 54078300 include:
These states actively engage in the import and export of HS Code 54078300, contributing to the overall trade volume of these woven fabrics in the United States.
HS Code 54078300 represents woven fabrics composed of less than 85 percent synthetic filaments mixed mainly or solely with cotton, woven from yarns of different colors. The bound duty rate is 8.5%, and the quantity unit is square meters (M2). Various special tariff preference programs offer reduced or duty-free rates for specific countries. Importers and exporters should be aware of the importing and exporting US states involved in the trade of this HS code. Understanding the details and implications of HS Code 54078300 is crucial for businesses operating in the textile and fabric industry.