The HS Code 54079220 corresponds to woven fabrics made of synthetic filament yarn that are not elsewhere specified or included (nesoi), dyed but not further processed. These fabrics are classified under chapter 54 of the Harmonized System (HS), which deals with man-made staple fibers and textile materials.
When importing or exporting goods, it is important to understand the HS code as it helps in determining the customs duties and other trade regulations associated with the specific product. In this case, the HS code 54079220 indicates that the woven fabrics are made of synthetic filament yarn, dyed, and falls under the nesoi category.
The bound or Most Favored Nation (MFN) duty rate for this HS code is 14.9%. The MFN duty rate refers to the rate applied to a product when a country lowers a trade barrier or opens up its market. It is a non-discriminatory rate that must be applied to all trading partners equally.
The quantity unit for this HS code is square meters (M2). This means that the fabrics are measured and traded based on their area in square meters.
There are also special tariff preference programs available for this HS code. The following countries or regions offer preferential treatment:
These special tariff preference programs allow for reduced or duty-free rates for imports of this specific product from the mentioned countries or regions. It is important for importers or exporters to be aware of these programs to take advantage of the benefits they offer.
When importing this product into the United States, it is also essential to consider the specific states involved in the import-export process. The exporting states refer to the states or regions from which the product originates, while the importing states are the ones where the product is being brought into. Understanding the specific states involved can help in navigating any state-specific regulations or requirements related to the importation process.
HS Code 54079220 relates to woven fabrics made of synthetic filament yarn that are dyed and not further processed. Importers and exporters should be aware of the HS code to determine the customs duties and trade regulations associated with the product. Additionally, knowledge of special tariff preference programs and the specific states involved in the import-export process can further enhance the understanding and efficiency of international trade transactions.