The HS Code 54033300 refers to a specific product - single yarn of cellulose acetate. This yarn is not classified as high tenacity or sewing thread and is not intended for retail sale. It is commonly used in various industries such as textile manufacturing, fashion, and home furnishings.
When importing or exporting this product, it is important to understand the relevant information associated with it, including the quantity unit and any special tariff preference programs that may apply.
The product described by HS Code 54033300 is a single yarn made of cellulose acetate. Cellulose acetate is a synthetic fiber derived from cellulose, a natural polymer found in plants. It is known for its softness, silk-like appearance, and excellent draping qualities.
This specific yarn is not considered high tenacity, meaning it does not have exceptional strength or durability. It is also not intended for use as sewing thread, which is commonly used in garment construction.
It is important to note that this product is not packaged or put up for retail sale. Instead, it is typically sold in larger quantities to manufacturers or distributors who use it as a raw material in their production processes.
The bound or Most Favored Nation (MFN) duty rate for HS Code 54033300 is 8.8%. The MFN principle states 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.
This means that if a country decides to reduce or eliminate the import duties for this product, it must apply the same treatment to all countries it trades with. The 8.8% duty rate is the standard rate that applies unless the product qualifies for a special tariff preference program.
The quantity unit for HS Code 54033300 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight of goods being imported or exported. It is important to accurately declare the weight of the product to ensure proper customs clearance and calculate any applicable duties or taxes.
There are several special tariff preference programs that may apply to imports or exports of HS Code 54033300. These programs provide preferential treatment in terms of reduced or eliminated import duties for eligible countries.
The following countries or regions have special tariff rates for this product:
These special tariff rates aim to promote trade and strengthen economic relations between the countries involved. Importers and exporters should take advantage of these programs to reduce costs and enhance competitiveness in the global market.
HS Code 54033300 is relevant for both importers and exporters in the United States. Importers in the US may source this product from various countries, while exporters can supply it to international markets.
When importing this product, US states have different regulations and requirements that importers must comply with. It is crucial to be aware of any state-specific rules, permits, or licenses that may be necessary to import and distribute the product within the country.
Similarly, exporters from the US should consider the specific requirements and regulations of the destination country when shipping HS Code 54033300. This may include customs documentation, labeling requirements, and any applicable import duties or taxes in the receiving country.
By understanding the details and implications of HS Code 54033300, importers and exporters can navigate the international trade landscape more effectively. It is important to stay informed about any changes to trade policies, tariff rates, or special programs that may impact the import or export of this product.