The HS Code 55094100 refers to yarn (other than sewing thread) containing 85% or more by weight of synthetic staple fibers nesoi, singles, not put up for retail sale. This code is used to classify and identify this specific type of yarn in international trade.
When importing or exporting this product, it is important to be familiar with the HS code to ensure proper classification and compliance with customs regulations. The code helps in determining the customs duty rates and any special tariff preference programs that may apply.
The bound / MFN duty rate for HS Code 55094100 is 9%. 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 duty rate is applied based on the value or weight of the imported or exported yarn.
The quantity unit for HS Code 55094100 is kilograms (KG). This is the standard unit of measurement used to quantify the amount of yarn being imported or exported.
There are also special tariff preference programs that may apply to imports or exports of yarn classified under HS Code 55094100. These programs provide preferential treatment in terms of reduced or zero customs duties. The following countries have special tariff preference programs for this HS code:
When importing this product into the United States, the following states are commonly involved in the trade:
Overall, HS Code 55094100 is used to classify and identify a specific type of yarn made from synthetic staple fibers. Understanding the code and its associated duty rates and special tariff preference programs is essential for importers and exporters to ensure compliance with customs regulations and take advantage of any available trade benefits.