The HS Code 56049020 refers to high tenacity yarn made of polyesters, nylon, or viscose rayon that has been impregnated or coated. This code is used to classify and track the import and export of this specific type of yarn.
High tenacity yarn is known for its exceptional strength and durability, making it suitable for a wide range of applications. It is commonly used in the textile industry for the production of fabrics, ropes, cords, and other materials that require high tensile strength.
When importing or exporting goods classified under HS Code 56049020, it is important to understand the associated regulations and tariffs. The bound or MFN (Most Favored Nation) duty rate for this code is 8.8%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for this HS Code is kilograms (KG), which is the standard unit of measurement for most international trade transactions.
There are also several special tariff preference programs that offer duty-free or reduced-rate treatment for imports classified under HS Code 56049020. These programs include:
When importing high tenacity yarn of polyesters, nylon, or viscose rayon under HS Code 56049020 into the United States, some of the exporting states include Virginia. This information can be useful for businesses and individuals involved in international trade to determine the origin and destination of the goods.
HS Code 56049020 represents high tenacity yarn made of polyesters, nylon, or viscose rayon that has been impregnated or coated. It is important to be aware of the associated regulations, tariffs, and special tariff preference programs when importing or exporting goods classified under this code. Understanding the import and export requirements can help businesses navigate international trade more effectively and take advantage of available benefits and opportunities.