HS Code 54083310: Woven Fabrics of Artificial Filament Yarn Nesoi, Mixed Mainly or Solely with Wool or Fine Animal Hair, of Yarns of Different Colors, Nesoi
Woven fabrics play a crucial role in various industries, providing us with textiles for clothing, upholstery, and more. HS Code 54083310 refers to a specific type of woven fabric made of artificial filament yarn, mixed mainly or solely with wool or fine animal hair, and consisting of yarns of different colors. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
Product Description:
The product description for HS Code 54083310 is "Woven fabrics of artificial filament yarn nesoi, mixed mainly or solely with wool or fine animal hair, of yarns of different colors, nesoi." This means that the fabric is made by weaving together artificial filament yarn, which is a type of synthetic fiber, with wool or fine animal hair. Additionally, the fabric is composed of yarns of various colors, creating a visually interesting and diverse textile.
Bound / MFN Duty Rate:
The bound / MFN (Most Favored Nation) duty rate for HS Code 54083310 is 12%. The MFN duty rate is a tariff that a country imposes on imports from all its trading partners equally. This means that every time 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 54083310 is square meters (M2). This unit of measurement is used to determine the area of the fabric. It helps in calculating the amount of fabric required for specific projects or when estimating import or export quantities.
Special Tariff Preference Programs:
HS Code 54083310 is eligible for various special tariff preference programs. These programs offer reduced or duty-free rates for importing and exporting countries. Here are some of the programs applicable to this HS code:
1. Free: Bahrain Special Rate, Canada (NAFTA - duty-free treatment), Chile Special Rate, Israel Special Rate (duty-free treatment), Jordan Special Rate, Mexico (NAFTA - duty-free treatment), Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), Peru Special Rate, Singapore Special Rate.
2. 3%: Australia Special Rate.
3. 1.2%: Morocco Special Rate.
These special tariff preference programs encourage trade between countries by reducing the cost of importing and exporting goods. They promote economic cooperation and mutually beneficial relationships among participating nations.
Importing and Exporting US States:
HS Code 54083310 is relevant for importing and exporting woven fabrics of artificial filament yarn mixed with wool or fine animal hair across different US states. The specific states involved in the import or export process may vary depending on trade agreements, market demands, and other factors.
HS Code 54083310 represents woven fabrics of artificial filament yarn mixed mainly or solely with wool or fine animal hair, consisting of yarns of different colors. This article provided a comprehensive overview of the HS code, including its product description, duty rates, quantity unit, and special tariff preference programs. Understanding these details can aid businesses and individuals in international trade, ensuring compliance with regulations and taking advantage of available benefits.
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