The HS Code 54023160 refers to multiple or cabled textured yarn made of polyamides. This code specifically excludes sewing thread and single yarn with a decitex greater than 500. The yarn is not put up for retail sale, indicating that it is intended for further processing or manufacturing purposes.
When importing or exporting products with this HS code, it is important to understand the relevant duty rates and special tariff preference programs. The bound or Most Favored Nation (MFN) duty rate for this code 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 HS code is kilograms (KG). This indicates that the weight of the yarn is measured in kilograms when determining import or export quantities.
There are also special tariff preference programs applicable to this HS code. In some countries, such as Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and the United States, the yarn is eligible for duty-free treatment. This means that importers or exporters from these countries can enjoy a zero percent duty rate when trading this product.
In addition, there is a special rate of 0.8% for Morocco. This means that when importing or exporting this yarn to or from Morocco, a duty rate of 0.8% will apply.
It is important to note that the list of special tariff preference programs may change over time, so it is necessary to consult the latest regulations and agreements to ensure accurate information.
When importing this product into the United States, it is also relevant to consider the exporting US states. Similarly, when exporting from the United States, the importing US states should be taken into account. This information is important for logistics planning and ensuring compliance with any state-specific regulations or requirements.
the HS Code 54023160 refers to multiple or cabled textured yarn made of polyamides. This code excludes sewing thread and single yarn with a decitex greater than 500. The duty rate for this code is 8% under the MFN principle. However, there are special tariff preference programs that offer duty-free treatment for this product in several countries. It is crucial to understand the applicable duty rates and special programs when importing or exporting this yarn. Additionally, considering the exporting and importing US states is essential for logistics and compliance purposes.