The HS Code 54034100 refers to a specific classification for Viscose Rayon Yarn that is not put up for retail sale. This article will provide an extensive overview of this product, including its description, duty rates, quantity unit, and special tariff preference programs. It will also highlight the importing and exporting US states for this particular HS code.
Viscose Rayon Yarn, classified under HS Code 54034100, is a type of yarn made from viscose rayon fibers. It is used in various textile applications such as weaving, knitting, and crocheting. However, it is important to note that this HS code specifically excludes sewing thread.
Furthermore, the yarn can be in multiple (folded) or cabled form, indicating its potential use in creating different textile structures or designs. The product is not packaged or prepared for retail sale, suggesting that it is primarily intended for industrial or manufacturing purposes.
The bound or Most Favored Nation (MFN) duty rate for HS Code 54034100 is 9.1%. This means that whenever a country lowers a trade barrier or opens up a market, it has to apply the same duty rate to the same goods or services from all its trading partners. It ensures fairness and equal treatment in international trade.
It is important for importers and exporters dealing with Viscose Rayon Yarn to consider this duty rate when calculating the cost of their transactions. Additionally, they must stay updated with any changes in duty rates that may occur due to trade agreements or policy adjustments.
The quantity unit for HS Code 54034100 is kilograms (KG). This indicates that the measurement and pricing of Viscose Rayon Yarn are typically based on weight. Importers and exporters need to accurately determine the weight of the yarn to calculate costs and ensure compliance with trade regulations.
Several countries have special tariff preference programs in place for Viscose Rayon Yarn classified under HS Code 54034100. These programs provide certain benefits or exemptions from duty payments, making trade more favorable for specific trading partners. The following countries offer special tariff rates for this product:
Importers and exporters involved in trade with these countries can benefit from reduced or eliminated duty payments, enhancing their competitiveness and profitability.
HS Code 54034100 is relevant for both importing and exporting US states. Importing states refer to those states within the United States that receive shipments of Viscose Rayon Yarn classified under this HS code. Exporting states, on the other hand, are states within the US that send shipments of the product to other countries.
It is crucial for businesses engaged in the import or export of Viscose Rayon Yarn to be aware of the specific regulations, documentation requirements, and customs procedures associated with their respective states. This knowledge ensures smooth and compliant trade transactions.
HS Code 54034100 categorizes Viscose Rayon Yarn that is not put up for retail sale. This article provided a comprehensive overview of the product, including its description, duty rates, quantity unit, and special tariff preference programs. It also emphasized the importance of understanding the importing and exporting US states for successful trade operations.