Woven fabrics play a significant role in various industries, providing essential materials for the production of clothing, upholstery, and other textile products. HS Code 54079105 specifically refers to woven fabrics of synthetic filament yarn, which contain 36 percent or more by weight of wool or fine animal hair. These fabrics can be either unbleached or bleached, making them suitable for a wide range of applications.
The HS Code 54079105 is used to classify and regulate the import and export of these particular woven fabrics. Understanding the details and implications of this code is essential for businesses and individuals involved in international trade, as it determines the applicable duty rates and eligibility for special tariff preference programs.
The product description for HS Code 54079105 provides specific details about the type of woven fabrics covered by this code. These fabrics are made from synthetic filament yarn, which is a type of yarn produced from man-made fibers. The key characteristic of the fabrics falling under this code is that they contain a significant proportion of wool or fine animal hair, constituting 36 percent or more by weight. This combination of synthetic and natural fibers gives these fabrics unique properties in terms of durability, warmth, and texture.
The fabrics can be either unbleached or bleached, offering a range of options for different applications. Unbleached fabrics retain their natural color, while bleached fabrics undergo a process to remove any natural pigmentation. The choice between unbleached and bleached fabrics depends on the intended use and desired aesthetic outcome.
The bound or Most Favored Nation (MFN) duty rate for HS Code 54079105 is set at 25%. The MFN principle states that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This duty rate applies to all countries, ensuring fairness and equal treatment in international trade.
It's important to note that the duty rate can vary over time due to trade agreements, negotiations, and changes in trade policies. It is advisable to consult the latest official sources or seek professional assistance to confirm the current duty rate for specific imports or exports.
The quantity unit specified for HS Code 54079105 is square meters (M2). This unit of measurement is used to determine the quantity of woven fabric being imported or exported. It provides a standardized way to calculate the volume of fabric involved in a trade transaction, facilitating accurate record-keeping and trade statistics.
HS Code 54079105 is eligible for various special tariff preference programs, which offer reduced or zero duty rates for specific countries. These programs aim to promote trade and economic cooperation between participating nations. The following are the special tariff preference programs applicable to this HS Code:
These special tariff preference programs provide significant benefits for importers and exporters dealing with woven fabrics falling under HS Code 54079105. By taking advantage of these programs, businesses can enjoy reduced or eliminated duty rates, enhancing their competitiveness in the global market.
Woven fabrics classified under HS Code 54079105 can be imported into and exported from various US states. The specific states involved in the import or export process depend on the trading partners and business transactions. Some of the commonly involved US states for importing and exporting these fabrics include:
These states have well-established infrastructure and ports, making them key locations for international trade and logistics. Importers and exporters dealing with HS Code 54079105 should consider the logistical aspects and trade routes associated with these states to optimize their supply chains and trade operations.
HS Code 54079105 encompasses woven fabrics made of synthetic filament yarn containing a significant proportion of wool or fine animal hair. Understanding this code's product description, duty rates, special tariff preference programs, and relevant US states is crucial for businesses and individuals engaged in international trade involving these fabrics.