Woven fabrics are an essential part of the textile industry, serving various purposes in the manufacturing process. One particular type of woven fabric is classified under HS Code 54075220. This code specifically refers to fabrics made from over 85 percent textured polyester filaments, which are dyed and not elsewhere specified or included (nesoi).
The HS Code system is an internationally recognized classification system used to categorize goods for customs and trade purposes. It is standardized across countries to ensure consistency and facilitate global trade. Each HS Code represents a specific product or commodity, allowing customs authorities and traders to easily identify and classify goods during import and export processes.
The product description for HS Code 54075220 specifies that the woven fabrics are made predominantly from textured polyester filaments. Textured polyester is a type of polyester yarn that undergoes a texturizing process to give it a more natural appearance and improved draping properties. This makes it suitable for various applications in the textile industry, such as apparel, home furnishings, and technical textiles.
The bound or most-favored-nation (MFN) duty rate for products classified under HS Code 54075220 is 14.9%. The MFN duty rate indicates the rate at which a country imposes import duties on a particular product. It is applied uniformly to all trading partners, ensuring fair and non-discriminatory treatment in international trade. When a country lowers trade barriers or opens up its market, it must do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 54075220 is measured in square meters (M2). This unit of measurement is commonly used for fabrics, allowing for accurate estimation and invoicing of the product's surface area. It helps in determining the quantity and cost of the fabric required for various applications.
Special tariff preference programs may also apply to imports classified under HS Code 54075220. These programs provide certain countries with preferential treatment, either through reduced or zero-duty rates. For example, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and the Dominican Republic-Central America (under DR-CAFTA) enjoy tariff-free or reduced-duty access to the United States market for this particular product.
Additionally, some specific countries have their own special rates for HS Code 54075220. Australia applies a 3% duty rate, while Morocco applies a 1.5% duty rate. These rates reflect the specific trade agreements or preferences between the United States and these countries, allowing for smooth trade flows and economic cooperation.
When importing goods under HS Code 54075220 into the United States, it is important to consider the specific requirements and regulations of both the importing and exporting states. Each state may have its own rules and procedures for customs clearance, documentation, and compliance. It is essential to adhere to these requirements to ensure seamless importation and avoid any unnecessary delays or penalties.
HS Code 54075220 represents woven fabrics made from over 85 percent textured polyester filaments, which are dyed and not elsewhere specified or included. This code is used to classify and identify the product for customs and trade purposes globally. Understanding the product description, duty rates, and special tariff preference programs associated with this HS Code is crucial for importers and exporters involved in the textile industry.