When it comes to international trade, it is important to have a standardized system for classifying goods. This is where the Harmonized System (HS) code comes into play. The HS code is a globally recognized system that categorizes products based on their composition, characteristics, and intended use. One such HS code is 54076111, which refers to woven fabrics of 100% polyester.
The product description for HS Code 54076111 provides specific details about the fabric. It is a woven fabric that has been dyed and is made entirely of polyester. The warp, which refers to the vertical threads in the fabric, has a count of 69-142 threads per inch. The filling, or horizontal threads, has a count of 31-71 threads per inch. The fabric is made from non-tex singles yarn, which means that it is made from a single strand of polyester yarn rather than multiple strands twisted together. The yarn used has a thickness of 75-80dtx and a twist of 900+ turns per meter.
When it comes to importing products with HS Code 54076111 into the United States, there are certain regulations and duty rates that apply. The bound or most-favored-nation (MFN) duty rate for this product is 19.4 cents per kilogram. Additionally, 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. This ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 54076111 is square meters (M2). This means that the fabric is measured and traded based on its area in square meters.
In terms of special tariff preference programs, there are various rates and exemptions that apply to HS Code 54076111. Countries such as Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, and Singapore offer duty-free treatment for this product. Australia offers a 3% special rate, while Morocco has a special rate of 1.9 cents per kilogram plus an additional 1.8%.
When it comes to importing HS Code 54076111 into the United States, it is worth noting the exporting states. While the data provided does not specify the exporting states, it is important for importers to be aware of the origin of the product and any potential trade agreements or restrictions that may apply.
HS Code 54076111 refers to woven fabrics of 100% polyester. This article has provided an extensive overview of the HS code, including its product description, duty rates, quantity unit, and special tariff preference programs. Understanding the HS code system is crucial for businesses and individuals involved in international trade, as it helps facilitate smooth and efficient cross-border transactions.