The HS Code 54079110 refers to a specific category of woven fabrics made from synthetic filament yarn, which are mixed mainly or solely with wool or fine animal hair. These fabrics can be unbleached or bleached, and fall under the category of "nesoi" (not elsewhere specified or included). This HS code is used for the classification and identification of these specific fabrics in international trade.
When importing or exporting goods classified under HS Code 54079110, it is important to be aware of the applicable duty rates. Currently, the bound or most-favored-nation (MFN) duty rate for these fabrics is set at 12%. This means that every time 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.
The quantity unit used for measuring these fabrics is square meters (M2). This unit helps in determining the total area of the fabric being imported or exported, allowing for accurate measurement and pricing.
There are also special tariff preference programs available for goods classified under HS Code 54079110. Some countries offer duty-free treatment for these fabrics, while others impose specific preferential duty rates. The following is a list of countries and their respective special tariff preference programs:
It is important to be familiar with these special tariff preference programs when trading these fabrics, as they can significantly affect the cost and competitiveness of the products in different markets.
When importing goods classified under HS Code 54079110 to the United States, it is essential to consider the specific states involved in the trade. Similarly, when exporting these fabrics from the United States, the destination states should be taken into account. The importing and exporting states may have different regulations, requirements, and logistical considerations that need to be addressed to ensure smooth trade operations.
The HS Code 54079110 plays a crucial role in the international trade of woven fabrics made from synthetic filament yarn mixed with wool or fine animal hair. Understanding the details and implications associated with this HS code can help importers, exporters, and traders navigate the complexities of global commerce more effectively.