The HS Code 55096940 refers to a specific type of yarn made from a blend of acrylic/modacrylic staple fiber mixed mainly or solely with artificial staple fiber. This yarn is typically multiple or cabled and is not intended for retail sale. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product description for HS Code 55096940 is "Yarn (not sewing thread) of acrylic/modacrylic staple fiber mixed mainly/solely w/artificial staple fiber, multiple or cabled, not retail sale." This means that the yarn in question is made from a blend of acrylic or modacrylic staple fiber, with artificial staple fiber being the primary or sole component. The yarn is usually in multiple or cabled form and is not intended for direct retail sale.
The bound or most-favored-nation (MFN) duty rate for HS Code 55096940 is 10%. The MFN duty rate applies every time a country lowers a trade barrier or opens up a market. This means that if a country reduces the duty rate for this specific yarn, it must do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 55096940 is kilograms (KG). This means that the measurement of the yarn is done in kilograms, which is a common unit for measuring weight in international trade.
There are several special tariff preference programs applicable to HS Code 55096940:
It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost of importing or exporting this yarn.
When it comes to importing HS Code 55096940 into the United States, there is no specific information provided about the states that commonly engage in this trade. However, it is worth noting that the US is a major player in international trade, and various states may participate in importing this yarn.
On the other hand, the exporting US states are listed as Delaware and North Carolina. These states are known for their textile and yarn manufacturing industries, which suggests that they produce and export this specific type of yarn.
HS Code 55096940 encompasses a particular type of yarn made from a blend of acrylic/modacrylic staple fiber mixed mainly or solely with artificial staple fiber. It is not intended for retail sale and is usually in multiple or cabled form. Importers and exporters should be aware of the duty rates, quantity unit, special tariff preference programs, and the exporting US states related to this HS code to ensure compliance and make informed business decisions.