Woven fabrics have become an integral part of our daily lives, serving as the foundation for various textile products. One specific HS code that pertains to woven fabrics is 54079315. In this article, we will explore the product description, tariff rates, special preference programs, and import-export information related to HS Code 54079315.
The product description for HS Code 54079315 is as follows: woven fabrics containing 85% or more of man-made filaments, with a thread count of more than 69-142/cm warp and more than 31-71/cm filling. These fabrics are composed of different colored yarns, adding a touch of vibrancy to the final product. This HS code encompasses a wide range of woven fabrics, catering to various industries and applications.
The bound or Most Favored Nation (MFN) duty rate for HS Code 54079315 is free. This means that every time a country lowers a trade barrier or opens up a market, it has to provide the same treatment for the goods or services falling under this HS code to all its trading partners. This ensures fairness and equal opportunities for all participating countries.
The quantity unit for HS Code 54079315 is square meters (M2). This unit of measurement helps in determining the area covered by the woven fabric, making it easier for importers and exporters to calculate quantities and plan their shipments accordingly.
HS Code 54079315 benefits from various special tariff preference programs that provide reduced or duty-free rates for specific countries. The following are the special tariff rates applicable to this HS code:
These special rates encourage trade and promote economic cooperation between countries, fostering stronger relationships and boosting international business activities.
HS Code 54079315 is imported and exported by various states within the United States. The specific states involved in the import and export of goods falling under this HS code may vary depending on market demand and trade patterns. Some of the prominent importing and exporting states for HS Code 54079315 include:
Overall, HS Code 54079315 plays a crucial role in facilitating international trade of woven fabrics. Its detailed product description, tariff rates, special preference programs, and import-export information provide a comprehensive understanding of this HS code. By adhering to the regulations and benefiting from the special tariff rates, businesses can leverage the opportunities presented by HS Code 54079315 to expand their global presence and enhance their competitiveness in the textile industry.