HS Code 54031060: Multiple (folded) or cabled high tenacity yarn of viscose rayon
Multiple (folded) or cabled high tenacity yarn of viscose rayon falls under the HS code 54031060. This code is used to classify and identify this particular type of yarn in international trade. The HS code system is a standardized international system for classifying products traded across borders.
The product description of HS code 54031060 specifies that it refers to high tenacity yarn made from viscose rayon. It is important to note that this HS code specifically excludes sewing thread and the yarn must not be put up for retail sale.
The bound or MFN (Most Favored Nation) duty rate for HS code 54031060 is 9.1%. The MFN principle ensures 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. This promotes fair and equal treatment in international trade.
The quantity unit for HS code 54031060 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported yarn.
There are several special tariff preference programs that offer preferential treatment for imports under HS code 54031060. These programs include:
- Australia Special Rate: Imports of this yarn from Australia enjoy duty-free treatment.
- Bahrain Special Rate: Imports of this yarn from Bahrain also receive duty-free treatment.
- NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), imports of this yarn from Canada are granted duty-free treatment.
- Chile Special Rate: Imports of this yarn from Chile benefit from a special rate.
- Israel Special Rate: Imports of this yarn from Israel enjoy duty-free treatment.
- Jordan Special Rate: Imports of this yarn from Jordan receive a special rate.
- Morocco Special Rate: Imports of this yarn from Morocco are granted a special rate.
- NAFTA for Mexico: Similar to Canada, imports of this yarn from Mexico under NAFTA are duty-free.
- Oman Special Rate: Imports of this yarn from Oman benefit from a special rate.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Imports of this yarn from the DR-CAFTA countries receive a special rate.
- Peru Special Rate: Imports of this yarn from Peru enjoy a special rate.
- Singapore Special Rate: Imports of this yarn from Singapore receive a special rate.
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific products.
HS code 54031060 is applicable to both importing and exporting US states. This means that the code is used to classify and track the trade of this yarn both when it is imported into the United States and when it is exported from the United States.
HS code 54031060 refers to multiple (folded) or cabled high tenacity yarn of viscose rayon. This code is used to classify and identify this specific type of yarn in international trade. It is important for importers and exporters to be aware of the relevant duty rates and special tariff preference programs associated with this HS code to effectively navigate the global market.
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