The HS Code 54023460 refers to multiple or cabled textured polypropylene yarn, excluding sewing thread, that is not packaged for retail sale. This code is used to classify and identify this specific type of yarn for international trade and customs purposes.
When importing or exporting this product, it is important to understand the duty rates and special tariff preference programs associated with it. The bound or most-favored-nation (MFN) duty rate for HS Code 54023460 is 8%. The MFN duty rate means that whenever 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), which is the standard measurement used for international trade.
There are also special tariff preference programs in place for HS Code 54023460. In some countries, this product may be imported duty-free or at a reduced rate. The countries that offer duty-free treatment for this product include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Panama, Peru, and Singapore. These countries have specific agreements or trade preferences in place that allow for the duty-free importation of this product.
Additionally, Morocco offers a special rate of 0.80% for importing HS Code 54023460. This means that when importing this product into Morocco, a duty rate of 0.80% will be applied.
It is also important to note that the HS Code 54023460 is used for both importing and exporting this product. This means that it is used to classify and track the movement of this yarn from both the exporting and importing countries. The specific exporting and importing US states may vary depending on the trade data and transactions.
HS Code 54023460 refers to multiple or cabled textured polypropylene yarn (except sewing thread) that is not packaged for retail sale. It is classified and tracked using this code for international trade and customs purposes. Understanding the duty rates and special tariff preference programs associated with this code is essential for importers and exporters of this product.