HS Code 54083330: Woven Fabrics of Artificial Filament Yarn
Woven fabrics of artificial filament yarn nesoi, of yarns of different colors, 30 percent or more of silk or silk waste, valued over $33/kg, fall under the HS Code 54083330. This HS Code is used to classify and identify these specific types of fabrics in international trade.
These fabrics are made from artificial filament yarn and can be of various colors. They must contain at least 30 percent silk or silk waste. The value of these fabrics should be over $33 per kilogram.
When importing or exporting goods classified under HS Code 54083330, it is important to consider the applicable duty rates. The bound or most-favored-nation (MFN) duty rate for these fabrics is 6.9%. 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 quantity unit for these fabrics is measured in square meters (M2). This measurement helps in determining the total area or size of the fabric being imported or exported.
There are also special tariff preference programs available for goods classified under HS Code 54083330. These programs provide reduced or duty-free rates for specific countries. The following countries have special tariff rates for these fabrics:
1. Free: Bahrain (BH), Canada (CA), Chile (CL), Israel (IL), Jordan (JO), Mexico (MX), Oman (OM), Panama (P), Peru (PE), Singapore (SG)
2. 3%: Australia (AU)
3. 0.7%: Morocco (MA)
These special rates are beneficial for importers and exporters from these countries, as they can save on customs duties when trading these fabrics.
It is important to note that the list of importing and exporting US states for goods classified under HS Code 54083330 is not provided in the given data. However, understanding the specific states involved in the import and export of these fabrics can help businesses identify potential trading partners or target markets.
HS Code 54083330 represents woven fabrics of artificial filament yarn nesoi, of yarns of different colors, with at least 30 percent silk or silk waste, valued over $33/kg. These fabrics have a bound duty rate of 6.9% and are measured in square meters (M2). Various countries have special tariff preference programs in place, offering reduced or duty-free rates for these fabrics.
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