Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 54021160: Multiple (Folded) or Cabled High Tenacity Yarn of Aramids

The HS Code 54021160 refers to multiple (folded) or cabled high tenacity yarn made of aramids. This specific HS code excludes sewing thread of aramids and is not put up for retail sale. Aramids are a class of strong synthetic fibers known for their exceptional heat resistance and high tensile strength.

When importing or exporting goods classified under HS Code 54021160, it is important to consider various factors such as duty rates, quantity units, and special tariff preference programs. Let's explore these aspects in detail:

Bound / MFN Duty Rate

The bound or Most Favored Nation (MFN) duty rate for products falling under HS Code 54021160 is 8%. The MFN principle ensures that when 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 trade practices and equal treatment for all countries involved.

Quantity Unit

The quantity unit for HS Code 54021160 is kilograms (KG). This means that the measurement and pricing of the yarn will be based on weight in kilograms.

Special Tariff Preference Programs

Several countries offer special tariff preference programs for products classified under HS Code 54021160. These programs provide benefits such as reduced or duty-free treatment for importers and exporters. Here are some notable programs:

• Australia Special Rate: Australia offers duty-free treatment for imports of yarn under this HS code.
• Bahrain Special Rate: Bahrain provides duty-free treatment for imports of yarn under this HS code.
• Canada (NAFTA): Yarn imported from Canada under this HS code receives duty-free treatment due to the North American Free Trade Agreement (NAFTA).
• Chile Special Rate: Chile offers a special rate for imports of yarn under this HS code.
• Israel Special Rate: Imports of yarn under this HS code from Israel receive duty-free treatment.
• Jordan Special Rate: Jordan provides a special rate for imports of yarn under this HS code.
• Morocco Special Rate: Imports of yarn under this HS code from Morocco receive a special rate.
• Mexico (NAFTA): Yarn imported from Mexico under this HS code receives duty-free treatment due to NAFTA.
• Oman Special Rate: Oman offers a special rate for imports of yarn under this HS code.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Yarn imported from the Dominican Republic and Central American countries under this HS code receives a special rate.
• Peru Special Rate: Peru offers a special rate for imports of yarn under this HS code.
• Singapore Special Rate: Singapore provides a special rate for imports of yarn under this HS code.

It is essential for importers and exporters to be aware of these special tariff preference programs to optimize their trade activities and take advantage of reduced or duty-free treatment.

HS Code 54021160 represents multiple (folded) or cabled high tenacity yarn made of aramids. This code excludes sewing thread and is not put up for retail sale. Importers and exporters should consider the bound / MFN duty rate, quantity unit, and special tariff preference programs to effectively trade in products falling under this HS code.