When it comes to international trade, it is essential to have a standardized system for classifying goods. This is where the Harmonized System (HS) code comes into play. The HS code 54081000 refers to woven fabrics obtained from high tenacity yarn, made of viscose rayon.
Viscose rayon is a type of synthetic fiber that is made from regenerated cellulose. It is known for its high strength and durability, making it ideal for applications that require strong and long-lasting fabrics. Woven fabrics obtained from high tenacity yarns are commonly used in various industries, including apparel, home furnishings, and technical textiles.
The HS code 54081000 specifically applies to woven fabrics made from high tenacity yarns of viscose rayon. High tenacity yarns are yarns that have been specially treated to increase their strength and durability. These fabrics are typically used for applications that require excellent tear and abrasion resistance.
The bound or most-favored-nation (MFN) duty rate for HS code 54081000 is 14.9%. 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 duty rate is applied to the declared value of the imported goods and is collected by the customs authorities of the importing country.
The quantity unit for HS code 54081000 is square meters (M2). This unit of measurement is used to determine the surface area of the woven fabrics being imported or exported. It provides a standardized way of quantifying the amount of fabric involved in a trade transaction.
Various countries have implemented special tariff preference programs for goods classified under HS code 54081000. These programs provide preferential treatment in terms of duty rates for eligible trading partners. Here are some examples:
These special rates are part of bilateral or regional trade agreements that aim to promote economic cooperation and facilitate trade between the participating countries. Importers and exporters should take advantage of these programs to minimize their duty expenses and enhance their competitiveness in the global market.
HS code 54081000 allows for the importation of woven fabrics obtained from high tenacity yarns of viscose rayon into various states of the United States. Importers can ship these fabrics to any state in the US, subject to compliance with applicable customs regulations and documentation requirements.
Similarly, exporters from the United States can ship woven fabrics obtained from high tenacity yarns of viscose rayon classified under HS code 54081000 to any destination worldwide. The export process involves fulfilling export compliance obligations, obtaining necessary export licenses (if applicable), and adhering to the customs requirements of the importing country.
HS code 54081000 plays a crucial role in classifying and regulating the trade of woven fabrics made from high tenacity yarns of viscose rayon. Importers and exporters should be familiar with the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code to effectively navigate the international trade landscape.