The HS Code 54076940 refers to woven fabrics that are made up of 85% or more by weight of polyester filaments. These fabrics are classified under the category of "nesoi," which stands for "not elsewhere specified or included." This means that they are not specifically classified under any other subcategory of woven fabrics.
These fabrics are composed of yarns of different colors, providing a variety of options for design and aesthetics. The use of different colored yarns allows for the creation of vibrant and visually appealing woven fabrics.
The quantity unit for these fabrics is measured in square meters (M2). This unit of measurement helps in determining the area of fabric required for a particular application or project.
When it comes to the tariff rates for importing these fabrics, the bound or most-favored-nation (MFN) duty rate is 8.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This ensures fair and equal treatment for all trading partners.
However, there are special tariff preference programs in place for certain countries. These programs offer reduced or duty-free rates for importing these fabrics. The countries that enjoy these special rates include Bahrain (BH), Canada (CA) under NAFTA (North American Free Trade Agreement), Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), and Singapore (SG).
For example, Bahrain has a special rate of duty-free treatment for importing these fabrics. Similarly, Canada enjoys duty-free treatment under NAFTA. Chile, Israel, Jordan, Mexico under NAFTA, Oman, Panama under the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA), Peru, and Singapore also have special rates for importing these fabrics.
It is important to note that Australia has a special rate of 3% for importing these fabrics, while Morocco enjoys a special rate of 0.9%. These rates may be subject to change, so it is advisable to check the latest information before importing these fabrics.
In terms of importing and exporting, these fabrics can be traded between various states within the United States. The specific states involved in importing and exporting these fabrics may vary depending on the demand and supply dynamics.
the HS Code 54076940 refers to woven fabrics that contain polyester filaments. These fabrics offer a wide range of design options through the use of different colored yarns. While the bound duty rate is 8.5%, there are special tariff preference programs in place for certain countries, providing reduced or duty-free rates. It is important to stay updated with the latest import and export regulations to make informed decisions regarding these fabrics.