The HS Code 55096960 represents yarn made from acrylic or modacrylic staple fibers that is not intended for retail sale. In this article, we will explore the details of this product, including its description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product covered by HS Code 55096960 is yarn, specifically excluding sewing thread, made from acrylic or modacrylic staple fibers. Acrylic fibers are synthetic fibers made from a polymer called polyacrylonitrile, while modacrylic fibers are a modified form of acrylic fibers. Yarns made from these fibers are commonly used in various textile applications, including knitting, weaving, and crocheting.
The bound / MFN (Most Favored Nation) duty rate for HS Code 55096960 is 13.2%. The MFN principle states 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. This duty rate applies to the import of this yarn into various countries.
The quantity unit for HS Code 55096960 is kilograms (KG). This means that the weight of the yarn is measured in kilograms when importing or exporting this product.
There are several special tariff preference programs applicable to the import of yarn under HS Code 55096960. These programs provide either duty-free treatment or reduced duty rates for specific countries. The following special tariff preference programs apply:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved, providing advantages for the importers and exporters of this product.
When it comes to importing HS Code 55096960 into the United States, there is no specific information provided about the states that import this product. However, the exporting US states include Delaware, Delaware (possibly repeated), and North Carolina. These states are involved in the export of the yarn made from acrylic or modacrylic staple fibers.
HS Code 55096960 covers yarn made from acrylic or modacrylic staple fibers, excluding sewing thread, and not intended for retail sale. The duty rate, quantity unit, special tariff preference programs, and the involvement of specific US states in importing and exporting this product make it important for businesses and individuals involved in the textile industry to understand the details of this HS Code.