When it comes to international trade, proper classification of goods is essential for smooth and efficient transactions. The Harmonized System (HS) code is an internationally recognized system used to classify products for import and export purposes. In this article, we will delve into the details of HS Code 54083430, which refers to woven fabrics of artificial filament yarn nesoi, printed, with at least 30 percent silk or silk waste by weight, and valued over $33 per kilogram.
Woven fabrics are a common product in the textile industry. They are created by interlacing two or more sets of yarns at right angles to form a stable and durable material. The fabrics under HS Code 54083430 are specifically made from artificial filament yarn nesoi, which means they are derived from synthetic fibers such as polyester or nylon.
One of the distinguishing characteristics of the fabrics falling under this HS code is that they are printed. Printing adds visual appeal to the fabric, allowing for the creation of intricate patterns, designs, or motifs. The printing process involves applying color or pigments onto the fabric surface using various techniques like block printing, screen printing, or digital printing.
Furthermore, these woven fabrics must contain at least 30 percent silk or silk waste by weight. Silk is a natural fiber obtained from the cocoons of silkworms and is highly valued for its luxurious feel and lustrous appearance. Silk waste refers to the remnants or byproducts left after the production of silk, which can be recycled and used in the manufacturing of other products.
The valuation of these fabrics is another factor considered under HS Code 54083430. The value is determined based on the price per kilogram, and any consignment with a value exceeding $33 per kilogram falls under this HS code. The valuation is crucial for determining customs duties, taxes, and other trade-related charges that may apply during import or export.
Now, let's explore the various aspects related to the import and export of products classified under HS Code 54083430. The quantity unit used for these fabrics is square meters (M2). Square meters provide a standardized unit of measurement that allows for accurate calculations and comparisons of fabric quantities.
When it comes to tariffs and trade preferences, different countries may have varying duty rates for goods falling under HS Code 54083430. The bound or most-favored-nation (MFN) duty rate for these fabrics is free. This means that whenever 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.
Additionally, there are special tariff preference programs available for these fabrics. Countries such as Bahrain (BH), Canada (CA), Chile (CL), Israel (IL), Jordan (JO), Mexico (MX), Oman (OM), Panama (P), Peru (PE), and Singapore (SG) offer duty-free treatment for products classified under HS Code 54083430. Australia (AU) applies a 3% special rate, while Morocco (MA) applies a 1.2% special rate.
It is also worth mentioning the importing and exporting US states for these fabrics. While the data provided does not specify the exact states involved, it is important to note that international trade can occur between any state in the United States and any foreign country. The importing US states refer to the states within the United States where these fabrics are being imported, while the exporting US states refer to the states within the United States from which these fabrics are being exported.
HS Code 54083430 represents woven fabrics of artificial filament yarn nesoi, printed, with at least 30 percent silk or silk waste by weight, and valued over $33 per kilogram. Understanding this HS code is crucial for importers, exporters, and customs authorities to ensure accurate classification, proper valuation, and adherence to applicable tariffs and trade preferences. By following the guidelines provided under this HS code, international trade can be facilitated efficiently and effectively.