HS Code 55102000 refers to yarn made of artificial staple fibers mixed mainly or solely with wool or fine animal hair, which is not packaged for retail sale. This article will provide an in-depth look at this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting states in the United States.
The product covered by HS Code 55102000 is yarn made of artificial staple fibers mixed mainly or solely with wool or fine animal hair. This type of yarn is not intended for sewing thread purposes and is not packaged for retail sale. It is commonly used in various textile industries for the production of fabrics, garments, and other textile products.
The bound or most-favored-nation (MFN) duty rate for HS Code 55102000 is 10.2%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate for the same goods or services from all its trading partners. The 10.2% duty rate is applicable to imports of this yarn into various countries.
The quantity unit for HS Code 55102000 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported yarn. It helps in calculating the quantity and value of the yarn being traded.
There are several special tariff preference programs available for imports of yarn classified under HS Code 55102000. These programs provide certain countries with preferential treatment in terms of duty rates. The following are the special tariff preference programs and the corresponding duty rates:
These special tariff preference programs allow eligible countries to import the specified yarn at reduced or zero-duty rates, promoting trade and economic cooperation between countries.
HS Code 55102000 is applicable to yarn imports and exports in the United States. While the specific importing and exporting states may vary depending on trade activities, this HS code can be used by any state in the US for importing or exporting this type of yarn. Some of the prominent importing and exporting states in the US include California, Texas, New York, Illinois, and Florida.
HS Code 55102000 represents yarn made of artificial staple fibers mixed mainly or solely with wool or fine animal hair, not put up for retail sale. This article provided a comprehensive overview of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting states in the United States.