The HS Code 54034990 refers to multiple (folded) or cabled non-textured artificial filament yarn that is not put up for retail sale. This code is used to classify and identify this specific type of yarn for trade and customs purposes. Understanding the HS code system is important for importers, exporters, and customs officials as it provides a standardized way to classify goods.
When importing or exporting this type of yarn, it is important to be aware of the specific regulations and duties associated with it. The bound / MFN (Most Favored Nation) duty rate for HS Code 54034990 is 7.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for this yarn is kilograms (KG), which is the standard unit of measurement for most goods. This allows for easy calculation of quantities during import or export processes.
There are also special tariff preference programs in place for this HS code. The following countries have special rates or duty-free treatment for importing this yarn:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties.
When importing or exporting this yarn to or from the United States, it is important to consider the specific states involved in the trade. The exporting and importing US states play a role in customs procedures and documentation requirements. It is crucial to be familiar with the regulations and requirements of both the exporting and importing states to ensure smooth and compliant trade.
HS Code 54034990 represents multiple (folded) or cabled non-textured artificial filament yarn that is not put up for retail sale. Understanding the HS code system, including the specific duties and tariff preference programs associated with this code, is essential for successful import and export operations. Being aware of the importing and exporting US states is also important for compliance with customs regulations.
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