Woven fabrics play a crucial role in the textile industry, and one such category is fabrics made of synthetic filament yarn. The HS Code 54079420 specifically refers to woven fabrics of synthetic filament yarn, which are not elsewhere specified or included (nesoi), and are printed.
These fabrics are used in a wide range of applications, including clothing, home furnishings, and industrial uses. They are known for their durability, strength, and versatility, making them a popular choice among manufacturers and consumers alike.
The product description for HS Code 54079420 provides important details about the specific type of woven fabrics covered by this code. These fabrics are made from synthetic filament yarn and undergo a printing process. The printing can be in various designs and patterns, adding aesthetic appeal to the fabric.
The bound / MFN duty rate for HS Code 54079420 is 14.9%. This means that every time a country reduces a trade barrier or opens up its market, it must apply the same duty rate of 14.9% for similar goods or services from all its trading partners. This duty rate helps in maintaining fair trade practices and ensuring a level playing field for all countries involved.
The quantity unit for HS Code 54079420 is square meters (M2). This unit is commonly used to measure the area covered by the woven fabrics. It provides a standardized measure for trade and enables accurate calculations of quantities during import and export processes.
HS Code 54079420 is eligible for various special tariff preference programs. These programs offer reduced or zero-duty rates for the import of the specified fabrics. The programs applicable to this HS Code are as follows:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating customs duties, thereby making imports more affordable and facilitating international business transactions.
HS Code 54079420 is imported and exported by various states in the United States. The exact import and export statistics for this HS Code can vary over time, depending on market demand and trade dynamics. However, some of the major importing and exporting states for this HS Code include:
Importing US States:
Exporting US States:
These states play a significant role in the trade of woven fabrics of synthetic filament yarn, printed, under HS Code 54079420, contributing to the overall import and export activities of the United States.
HS Code 54079420 covers woven fabrics of synthetic filament yarn, printed, which are used in various industries and applications. The code's product description, duty rate, quantity unit, and special tariff preference programs provide essential information for traders, manufacturers, and policymakers involved in international trade. Understanding and complying with the regulations and requirements associated with this HS Code is crucial for smooth and successful import and export operations.