The HS Code 54083305 refers to woven fabrics made of artificial filament yarn that contain 36% or more by weight of wool or fine animal hair, and are composed of yarns of different colors. This HS code is used to classify and identify this specific type of textile product for international trade.
The bound (MFN) duty rate for this HS code is 19.6%. The MFN (Most Favored Nation) duty rate is the rate applied to imports from all trading partners when a country lowers a trade barrier or opens up a market. It ensures that the same goods or services receive equal treatment from all trading partners.
The quantity unit for this HS code is square meters (M2). This unit is used to measure the area of the woven fabrics being imported or exported.
There are also special tariff preference programs available for this HS code. The following countries have specific rates for importing products classified under HS Code 54083305:
In addition, Australia has a specific rate of 3% for importing products classified under HS Code 54083305. Morocco has a rate of 0.4?/kg plus 2.1% for the same products.
When it comes to importing this product into the United States, there are no specific restrictions on the exporting states. The product can be imported from any state or region without any limitations.
Overall, HS Code 54083305 is used to classify and identify woven fabrics of artificial filament yarn containing wool or fine animal hair. This code helps facilitate international trade by providing a standardized classification system for this specific type of textile product.