The HS Code 54023330 refers to single textured yarn of polyesters that are not put up for retail sale. In this educational article, we will delve into the details of this HS Code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The product described by HS Code 54023330 is single textured yarn made of polyesters. This yarn is not intended for retail sale, indicating that it is primarily used for industrial or commercial purposes. Polyester yarns are known for their durability, strength, and resistance to wrinkles and chemicals, making them suitable for a wide range of applications.
The bound or most-favored-nation (MFN) duty rate for HS Code 54023330 is 8.8%. 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 duty rate of 8.8% is applied to the import value of the product, providing a source of revenue for the importing country.
The quantity unit for HS Code 54023330 is kilograms (KG). This indicates that the product is measured and traded based on its weight in kilograms. The use of this unit allows for standardized measurement and facilitates international trade, ensuring clarity and consistency in transactions involving this HS Code.
HS Code 54023330 is eligible for various special tariff preference programs. These programs provide preferential treatment in terms of duty rates for specific countries. The following countries have special tariff rates for the import of this product:
These special tariff preference programs aim to promote trade and strengthen economic ties between the countries involved. They provide incentives for importing and exporting parties to engage in mutually beneficial trade relationships.
The HS Code 54023330 can be imported to and exported from various US states. The specific states involved in the import and export of this product may vary depending on market demand and supply chain dynamics. Examples of potential importing US states include California, New York, Texas, and Illinois. Similarly, potential exporting US states may include states with a significant presence in the textile or manufacturing industry, such as North Carolina, South Carolina, and Georgia.
HS Code 54023330 represents single textured yarn of polyesters that are not meant for retail sale. This comprehensive guide has provided an overview of the product description, duty rates, quantity unit, special tariff preference programs, and potential importing and exporting US states. Understanding and utilizing the information related to this HS Code can facilitate international trade and foster economic growth.