When it comes to international trade, it is important to have a standardized system for classifying and identifying products. The Harmonized System (HS) provides a globally recognized framework for categorizing goods, and the HS Code 54082290 is specific to woven fabric made of 85% or more artificial filament or strip, which is dyed, and not made of cuprammonium rayon, not elsewhere specified or included (N.E.S.O.I).
The HS Code 54082290 is used by customs authorities to determine the correct classification and tariff rates for imported or exported goods. It provides essential information about the product, allowing for accurate identification and classification. This code is used by countries around the world, ensuring consistency and transparency in international trade.
The product description for HS Code 54082290 specifies that it is a woven fabric made primarily of artificial filament or strip, which is dyed. It excludes fabrics made of cuprammonium rayon and includes all other types of woven fabrics within this category. This detailed description helps customs authorities and traders identify the specific characteristics of the product.
When importing or exporting goods classified under HS Code 54082290, it is important to be aware of the applicable duty rates. The bound or Most Favored Nation (MFN) duty rate for this code is 14.9%. The MFN duty rate is the maximum rate that can be applied to a product, and it ensures that all trading partners are treated equally when it comes to trade barriers and market access.
The quantity unit for HS Code 54082290 is square meters (M2). This unit of measurement is commonly used for fabrics, allowing for easy calculation of the quantity of woven fabric being imported or exported.
Special tariff preference programs may also apply to goods classified under HS Code 54082290. These programs provide certain countries with preferential treatment in terms of duty rates. For example, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, and Singapore enjoy duty-free treatment for this product. Australia has a special rate of 3%, while Morocco has a special rate of 1.5%.
It is worth noting that the HS Code 54082290 is not limited to any specific importing or exporting US states. This means that the code can be used for trade between any US state and any foreign country.
the HS Code 54082290 is a specific code used to classify and identify woven fabric made of 85% or more artificial filament or strip, which is dyed, and not made of cuprammonium rayon, not elsewhere specified or included. This code is essential for international trade, providing accurate information about the product, duty rates, and any special tariff preference programs that may apply.
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