High tenacity yarn is a type of yarn that is known for its exceptional strength and durability. It is commonly used in various industries such as textiles, automotive, and industrial applications. HS Code 54021960 specifically refers to multiple (folded) or cabled high tenacity yarn made of nylon or other polyamides (except aramids).
Nylon and polyamides are synthetic polymers that possess excellent mechanical properties, making them ideal for applications that require high strength and resistance to wear and tear. These yarns are commonly used in the production of ropes, nets, seatbelts, and other heavy-duty applications.
The HS code for this product is 54021960. HS codes are internationally recognized codes used to classify and categorize products for customs and trade purposes. They are essential for international trade as they facilitate the smooth flow of goods between countries.
When importing or exporting high tenacity yarn of nylon or other polyamides, it is crucial to be aware of the applicable tariff rates. The bound or MFN (Most Favored Nation) duty rate for HS Code 54021960 is 8%. This means that every time 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.
The quantity unit for this product is kilograms (KG). This unit of measurement is used to determine the weight of the yarn being imported or exported.
There are also special tariff preference programs available for this product. The following countries offer free or preferential rates for high tenacity yarn of nylon or other polyamides (HS Code 54021960):
These special tariff programs aim to promote trade and economic cooperation between countries by providing preferential treatment or duty-free access to certain goods.
Importing and exporting high tenacity yarn of nylon or other polyamides (HS Code 54021960) can involve various US states as importing or exporting points. The specific US states involved in these trade activities depend on the location of the companies or entities engaged in the trade.
HS Code 54021960 pertains to multiple (folded) or cabled high tenacity yarn made of nylon or other polyamides (except aramids). This high-strength yarn is widely used in various industries and is subject to different tariff rates and special tariff preference programs. Understanding the details and regulations related to HS Code 54021960 is essential for businesses involved in the import and export of this product.