The HS Code 54033910 refers to single textured artificial filament yarn that is not put up for retail sale. This article will provide a comprehensive overview of this product, including its description, duty rates, quantity unit, and special tariff preference programs.
The product covered by HS Code 54033910 is a type of artificial filament yarn. It is specifically described as single textured, which means it has a smooth texture and is not bumpy or textured like some other types of yarn. This yarn is used for various purposes such as weaving, knitting, and manufacturing textile products.
It is important to note that this HS Code specifically excludes sewing thread. Sewing thread has its own separate classification under a different HS Code. Therefore, any yarn that is intended for use as sewing thread would not fall under HS Code 54033910.
The bound or Most Favored Nation (MFN) duty rate for products classified under HS Code 54033910 is 10%. 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 ensures fair and non-discriminatory treatment in international trade.
It is worth mentioning that duty rates may vary depending on the country and any applicable trade agreements or special tariff preference programs. These preferential programs can provide reduced or even duty-free treatment for eligible products.
The quantity unit for products classified under HS Code 54033910 is kilograms (KG). This means that the weight of the yarn is measured in kilograms when it is imported or exported.
Products classified under HS Code 54033910 may be eligible for special tariff preference programs, which can provide favorable treatment in terms of duty rates. The following countries and regions offer special rates or duty-free treatment for this product:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved. They provide an incentive for businesses to engage in import and export activities, benefiting both the importing and exporting nations.
The importing and exporting of products classified under HS Code 54033910 can occur between various US states. The specific states involved in these trade activities may vary depending on market demand, manufacturing capabilities, and other factors.
It is important for businesses involved in importing or exporting this product to be aware of any specific regulations or requirements imposed by individual US states. These regulations may include licensing, labeling, or documentation obligations that need to be fulfilled in order to comply with state laws and regulations.
HS Code 54033910 covers single textured artificial filament yarn that is not put up for retail sale. It is important for businesses involved in the trade of this product to understand its description, duty rates, quantity unit, and any applicable special tariff preference programs. By adhering to the regulations and taking advantage of preferential treatment, businesses can benefit from smooth and cost-effective international trade.