Woven fabrics play a crucial role in various industries, ranging from fashion and apparel to home furnishings and industrial applications. One such fabric that falls under the HS Code 54076199 is woven fabric made of 85% or more non-textured polyester filaments. This article aims to provide an extensive guide to this particular HS Code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The HS Code 54076199 refers to woven fabrics that are primarily composed of non-textured polyester filaments. However, it is important to note that this code excludes fabrics made of wholly polyester single yarns, with a yarn size of 75-80 dtx, and a twist of 900+ turns per meter. The HS Code provides a specific classification for these fabrics, allowing for easier identification and regulation in international trade.
When importing or exporting woven fabrics falling under HS Code 54076199, it is essential to be aware of the applicable duty rates. As of now, the bound (Most Favored Nation) duty rate for this HS Code is 14.9%. This rate applies every time a country lowers a trade barrier or opens up a market, ensuring equal treatment for the same goods or services from all trading partners. Adhering to these duty rates is crucial for maintaining fair trade practices.
The quantity unit for woven fabrics classified under HS Code 54076199 is measured in square meters (M2). This unit provides a standardized measurement for easy calculation and comparison of fabric quantities during trade transactions. Buyers and sellers can accurately determine the required quantity of fabric based on square meter measurements, ensuring transparency and efficiency in international trade.
Several countries offer special tariff preference programs for woven fabrics falling under HS Code 54076199. These programs aim to promote trade and provide certain benefits to importers and exporters. Here are some of the special tariff preference programs and their corresponding rates:
These special tariff preference programs offer reduced or duty-free rates for importers and exporters trading woven fabrics of HS Code 54076199. It is important to consult the specific regulations and requirements of each program before engaging in trade with these countries.
Being aware of the importing and exporting US states for woven fabrics classified under HS Code 54076199 can be beneficial for businesses engaged in international trade. While specific data for this HS Code is not provided, it is essential to consider major textile manufacturing states like California, North Carolina, Georgia, and Texas as potential importers and exporters of these fabrics. These states have well-established textile industries and are likely to engage in trade related to woven fabrics.
HS Code 54076199 encompasses woven fabrics made of 85% or more non-textured polyester filaments. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states is crucial for businesses involved in international trade. Adhering to the regulations and requirements of this HS Code ensures smooth and compliant trade transactions for woven fabrics.