The HS Code 55095900 refers to yarn made from polyester staple fibers that are not intended for retail sale. This article will provide an extensive overview of this HS code, including product description, duty rates, quantity units, special tariff preference programs, and information about importing and exporting to/from the United States.
The product description for HS Code 55095900 is "Yarn (other than sewing thread) of polyester staple fibers nesoi, not put up for retail sale." This means that the code covers all types of yarn made from polyester staple fibers, excluding sewing thread. The yarn is not packaged for retail sale, indicating that it is intended for further manufacturing or industrial use.
The bound or most-favored-nation (MFN) duty rate for HS Code 55095900 is 13.2%. This rate applies every time a country lowers a trade barrier or opens up a market. It must be applied equally to the same goods or services from all trading partners. This duty rate ensures fair and equal treatment for all countries and promotes free trade.
The quantity unit for HS Code 55095900 is kilograms (KG). This unit is used to measure the weight of the yarn being imported or exported. It provides a standardized method of quantifying the amount of product being traded, allowing for accurate tracking and billing.
There are several special tariff preference programs associated with HS Code 55095900. These programs offer reduced or duty-free rates for specific countries. The programs applicable to this HS code are as follows:
These special tariff preference programs promote trade and economic cooperation between countries by reducing or eliminating import duties. They aim to create more favorable conditions for trade partners and encourage business growth.
When importing HS Code 55095900 into the United States, there are no specific requirements regarding the origin or destination states. The code applies to all states within the country, including Delaware and North Carolina, as mentioned in the data provided.
Similarly, when exporting HS Code 55095900 from the United States, there are no restrictions on the destination states. The code can be exported to any state or country based on trade agreements and market demand.
HS Code 55095900 covers yarn made from polyester staple fibers that are not intended for retail sale. It has a bound duty rate of 13.2% and is measured in kilograms. Special tariff preference programs offer reduced or duty-free rates for specific countries. When importing or exporting this HS code to/from the United States, there are no state-specific restrictions.