HS Code 54083390 represents a specific category of woven fabrics made from artificial filament yarns. These fabrics are classified under this HS code when they consist of yarns of different colors and are not included in any other specific HS code category.
When importing or exporting goods falling under HS Code 54083390, it is essential to understand the relevant details associated with this code. This article aims to provide a comprehensive overview of the product description, duty rates, quantity unit, special tariff preference programs, and the importing/exporting US states.
Woven fabrics of artificial filament yarn nesoi, of yarns of different colors, nesoi, are textile materials made from synthetic or man-made fibers. These fabrics are produced by weaving together yarns of various colors, creating a visually appealing and versatile textile product.
The term "nesoi" stands for "not elsewhere specified or included," indicating that this HS code category includes woven fabrics that do not fall under any other specific HS code category.
The bound or most-favored-nation (MFN) duty rate for HS Code 54083390 is 12%. The MFN duty rate is the rate applied to imports or exports when a country lowers a trade barrier or opens up a market. It is required for the same goods or services from all trading partners of the country.
It is important to consider the MFN duty rate when engaging in international trade involving woven fabrics of artificial filament yarns falling under this HS code. This duty rate may vary from country to country, impacting the overall cost of importing or exporting such goods.
The quantity unit for HS Code 54083390 is square meters (M2). This unit of measurement is used to determine the area of the woven fabrics being imported or exported. It allows for accurate calculation and estimation of the quantity of fabric involved in the trade.
When dealing with woven fabrics falling under this HS code, it is crucial to specify the quantity in square meters to ensure proper documentation and assessment of import or export duties.
HS Code 54083390 is eligible for various special tariff preference programs, which offer reduced or duty-free treatment for imports or exports. The following countries have established special rates for woven fabrics falling under this HS code:
These special tariff preference programs aim to promote trade and strengthen economic relations between countries. Importers or exporters dealing with woven fabrics falling under this HS code should explore and utilize these programs to benefit from reduced import or export duties.
The importing and exporting of woven fabrics classified under HS Code 54083390 can involve various US states. The specific states engaged in trade related to this HS code include:
Importing US States: [List importing US states]
Exporting US States: [List exporting US states]
The involvement of specific US states in the import or export of woven fabrics under this HS code may be influenced by factors such as manufacturing capabilities, trade agreements, and market demand.
Overall, HS Code 54083390 encompasses woven fabrics of artificial filament yarns, consisting of yarns of different colors. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and the involvement of US states is crucial for smooth and cost-effective international trade transactions related to these fabrics.