The HS Code 54026900 refers to yarn made of synthetic filaments that are not classified under any other specific category. This yarn can be in the form of multiple (folded) or cabled strands, excluding sewing thread, and is not packaged for retail sale.
When importing or exporting this product, it is important to understand the associated regulations, duty rates, and any special tariff preference programs that may apply. Let's explore the details of HS Code 54026900 further:
HS Code 54026900 encompasses yarns made of synthetic filaments that are not otherwise classified. These filaments can be combined in multiple (folded) or cabled strands, suitable for various applications. It's important to note that sewing thread is excluded from this category.
The bound or most-favored-nation (MFN) duty rate for HS Code 54026900 is 7.5%. This means that every time a country reduces trade barriers or opens up its market, it must do so for all its trading partners in the same manner. The MFN principle ensures fair treatment and equal opportunities for all trading nations.
The quantity unit for HS Code 54026900 is kilograms (KG). This unit is used to measure the weight of the yarn during import or export transactions. It is essential to accurately declare the weight to comply with customs regulations and determine the appropriate duties and taxes.
Several special tariff preference programs provide specific benefits for importing or exporting yarn under HS Code 54026900. These programs offer reduced or duty-free rates for eligible countries. The following countries and regions have special tariff preferences for this HS Code:
These special tariff preference programs aim to promote trade and economic cooperation between the involved countries. Importers and exporters should take advantage of these programs to reduce costs and enhance competitiveness.
HS Code 54026900 can be imported or exported between various states within the United States. The specific states involved in the trade depend on the individual transactions and business agreements. It is crucial to comply with the relevant regulations and documentation requirements set by each state for seamless trade operations.
HS Code 54026900 covers yarn made of synthetic filaments that are not classified under any other specific category. Understanding the product description, duty rates, special tariff preference programs, and import/export requirements is essential for successful trade operations involving this HS Code. Importers and exporters should stay updated with any changes in regulations and take advantage of available benefits to optimize their business activities.