The HS Code 54023230 refers to single textured yarn made of nylon or other polyamides, with a measurement of more than 500 decitex, and not put up for retail sale. This code is used to classify and identify this specific type of yarn for international trade purposes.
When it comes to trade barriers and market access, countries must follow the Most Favored Nation (MFN) principle. This means 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. The bound or MFN duty rate for HS Code 54023230 is 8%.
The quantity unit for this HS Code is kilograms (KG). This means that the measurement and pricing of this yarn are based on weight in kilograms.
There are also special tariff preference programs in place for HS Code 54023230. Some countries offer free or preferential rates for importing or exporting this yarn. For example, Australia, Bahrain, Canada (under the NAFTA agreement), Chile, Israel, Jordan, Morocco, Mexico (under the NAFTA agreement), Oman, the Dominican Republic-Central American countries (under the DR-CAFTA agreement), Peru, and Singapore all offer special tariff rates for this product.
When it comes to importing this yarn into the United States, it can be done from any country participating in international trade. Similarly, the exporting of this yarn from the United States can be done to any country that allows its import.
HS Code 54023230 is used to identify and classify single textured yarn made of nylon or other polyamides, with a measurement of more than 500 decitex, and not put up for retail sale. It has a bound or MFN duty rate of 8%, and its quantity unit is kilograms (KG). There are also special tariff preference programs in place, allowing for free or preferential rates for importing or exporting this yarn in various countries.