Textile yarn and strip products play a crucial role in various industries, ranging from fashion and apparel to automotive and construction. The HS Code 56049090 specifically refers to textile yarn and strip, which have been impregnated, coated, covered, or sheathed with rubber or plastics. This article will provide a comprehensive overview of this HS code, including its product description, duty rates, quantity units, and special tariff preference programs.
The product description of HS Code 56049090 is "Textile yarn and strip and the like of heading 5404 or 5405, impregnated, coated, covered or sheathed with rubber or plastics, nesoi." This means that the code covers textile yarn and strip products that have been treated with rubber or plastics for various purposes.
Textile yarn and strip products are primarily used in the manufacturing of textiles, garments, and other fabric-based products. By impregnating, coating, covering, or sheathing them with rubber or plastics, their properties are enhanced, making them more durable, water-resistant, or heat-resistant.
The bound / MFN (Most Favored Nation) duty rate for HS Code 56049090 is 5%. The MFN duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of customs duties.
This 5% duty rate is applicable for imports of textile yarn and strip products covered under HS Code 56049090. Importers need to consider this duty rate when calculating the total cost of importing these products into their respective countries.
The quantity unit for HS Code 56049090 is kilograms (KG). This means that the weight of the imported or exported textile yarn and strip products is measured in kilograms. It is important for importers and exporters to accurately determine the weight of their shipments to ensure compliance with customs regulations and to calculate shipping costs.
HS Code 56049090 is eligible for various special tariff preference programs, which offer reduced or duty-free rates for specific countries. The following are the special tariff preference programs applicable to this HS code:
These special tariff preference programs allow eligible countries to import textile yarn and strip products covered under HS Code 56049090 at reduced or duty-free rates. It is important for importers to check the specific requirements and conditions of each program to determine their eligibility and take advantage of these benefits.
When importing textile yarn and strip products under HS Code 56049090 into the United States, there are no specific restrictions on the importing US states. Importers can distribute these products to any state within the US territory.
However, it is worth noting that the state of Virginia has been mentioned as an exporting US state in relation to HS Code 56049090. This means that textile yarn and strip products impregnated, coated, covered, or sheathed with rubber or plastics may be produced or manufactured in Virginia and exported to other countries.
Virginia, with its thriving textile industry, contributes to the global trade of textile yarn and strip products, supporting both domestic and international markets.
HS Code 56049090 covers textile yarn and strip products that have been impregnated, coated, covered, or sheathed with rubber or plastics. These products offer enhanced properties for various industries, and their importation or exportation is subject to a 5% bound / MFN duty rate. Additionally, there are several special tariff preference programs that provide reduced or duty-free rates for eligible countries.
Importers and exporters dealing with textile yarn and strip products should familiarize themselves with the details of HS Code 56049090, including the product description, duty rates, quantity units, and special tariff preference programs. This knowledge will facilitate smooth international trade and help businesses make informed decisions when engaging in the import or export of these products.