The HS Code 55099100 refers to a specific type of yarn made from synthetic staple fibers that are mixed mainly or solely with wool or fine animal hair. This yarn is not put up for retail sale, meaning it is not packaged or labeled for individual purchase. 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 55099100 specifies that it refers to yarn made from synthetic staple fibers. These fibers are mixed mainly or solely with wool or fine animal hair, resulting in a unique blend. It is important to note that this yarn is not packaged or labeled for retail sale, indicating its use in manufacturing or other industrial processes.
The bound or most-favored-nation (MFN) duty rate for HS Code 55099100 is set at 12%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same 12% duty rate for the import of this yarn from all its trading partners. The duty rate serves as a tariff or tax on the imported goods and is collected by the customs authorities of the importing country.
The quantity unit for HS Code 55099100 is kilograms (KG). This means that the measurement and pricing of the yarn are based on its weight in kilograms. The KG unit is commonly used in international trade to ensure consistency and accuracy in the calculation of import and export quantities.
HS Code 55099100 is eligible for various special tariff preference programs. These programs provide preferential treatment in terms of duty rates or exemptions for certain countries. The following countries offer special tariff preferences for the import of this yarn:
In addition, Morocco offers a special rate of 1.2% for the import of this yarn.
HS Code 55099100 is imported and exported by various US states. The specific states involved in the import and export of this yarn may vary depending on market demand and manufacturing capabilities. Some of the major importing US states for this HS Code include:
Similarly, there are several US states that export this yarn to other countries. These exporting US states may vary based on production capacity and international market demand. Some of the major exporting US states for HS Code 55099100 are:
It is important for businesses and individuals involved in the import and export of this yarn to be aware of the specific requirements, regulations, and trade agreements associated with HS Code 55099100. Adhering to these guidelines ensures smooth international trade operations and compliance with customs and tariff regulations.