When it comes to international trade, it is crucial to have a standardized system for classifying goods. This is where the Harmonized System (HS) codes come into play. HS Code 54083490 refers to woven fabrics of artificial filament yarn that are not elsewhere specified or included (N.E.S.O.I), which are also printed. This article will provide an extensive overview of this HS code, its product description, duty rates, quantity unit, and special tariff preference programs.
The product description for HS Code 54083490 specifically indicates that it pertains to woven fabrics of artificial filament yarn. These fabrics are not elsewhere specified or included, meaning they do not fall under any other specific HS code category. Additionally, the fabrics are printed, which adds a decorative or patterned element to them.
Artificial filament yarn is a type of synthetic yarn that is manufactured through chemical processes. This yarn is known for its durability, strength, and resistance to shrinking or stretching. Woven fabrics made from artificial filament yarn are widely used in various industries such as fashion, home textiles, and upholstery.
The bound or Most Favored Nation (MFN) duty rate for HS Code 54083490 is 12%. The MFN principle states 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 equal treatment for all trading partners and promotes fair international trade.
The quantity unit for HS Code 54083490 is square meters (M2). This unit indicates that the measurement of the woven fabrics is calculated in terms of the total area in square meters.
HS Code 54083490 is eligible for various special tariff preference programs, depending on the importing and exporting countries involved. These programs offer reduced or duty-free rates for eligible goods, promoting trade between specific countries. The following are the special tariff preference programs applicable to HS Code 54083490:
These special tariff preference programs aim to enhance trade relationships and provide economic benefits for the participating countries. Importers and exporters should be aware of these programs to take advantage of the reduced duty rates and facilitate trade.
HS Code 54083490 applies to imports and exports involving the United States. Importing US states refer to the states within the US that receive these woven fabrics of artificial filament yarn, while exporting US states refer to the states from which these fabrics are shipped to international destinations.
It is important for businesses and individuals involved in international trade to understand the specific regulations, documentation requirements, and customs procedures associated with HS Code 54083490 when importing or exporting to and from the United States.
HS Code 54083490 encompasses woven fabrics of artificial filament yarn that are not elsewhere specified or included, and are printed. This code carries a bound or MFN duty rate of 12%, with quantity measured in square meters. Additionally, there are special tariff preference programs available for eligible countries, offering reduced or duty-free rates. Importers and exporters should stay informed about these programs and ensure compliance with relevant regulations to optimize their international trade activities.