HS Code 54079305: Woven Fabrics of Synthetic Filament Yarn
Woven fabrics of synthetic filament yarn, classified under HS Code 54079305, are a versatile textile product that finds applications in various industries. This article aims to provide a comprehensive overview of the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code.
Product Description:
HS Code 54079305 refers to woven fabrics of synthetic filament yarn, not elsewhere specified or included (nesoi), containing 36% or more by weight of wool or fine animal hair, and made from yarns of different colors. These fabrics are typically used in the manufacturing of clothing, upholstery, and other textile products.
Duty Rates:
The bound (maximum) and most-favored-nation (MFN) duty rate for HS Code 54079305 is 25%. The MFN duty rate is applied uniformly to all countries that trade with the importing country. 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.
Quantity Unit:
The quantity unit for HS Code 54079305 is square meters (M2). This unit is used to measure the area of the woven fabrics.
Special Tariff Preference Programs:
There are several special tariff preference programs associated with HS Code 54079305. These programs provide certain countries with preferential treatment in terms of duty rates. The following are the special tariff preference programs and the corresponding duty rates:
1. Free:
- Bahrain Special Rate
- NAFTA for Canada (duty-free treatment)
- Chile Special Rate
- Israel Special Rate (duty-free treatment)
- Jordan Special Rate
- NAFTA for Mexico
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru Special Rate
- Singapore Special Rate
2. 3%:
- Australia Special Rate
3. 0.4?/kg + 2.6%:
- Morocco Special Rate
These special tariff preference programs aim to promote trade and strengthen economic ties between the importing and exporting countries.
Importing and Exporting US States:
HS Code 54079305 is applicable to all importing and exporting US states. The specific states involved in the import or export of woven fabrics of synthetic filament yarn may vary depending on the trade activities and demand for such products.
HS Code 54079305 represents woven fabrics of synthetic filament yarn containing wool or fine animal hair, made from yarns of different colors. This article provides an extensive overview of the HS code, including product description, duty rates, quantity units, special tariff preference programs, and the involvement of US states in importing and exporting. Understanding these details can aid businesses and individuals in navigating international trade and making informed decisions regarding the import or export of woven fabrics of synthetic filament yarn.
More on HS code 54079305
