The HS Code 56050090 refers to metalized textile yarn nesoi, which is made of man-made monofilament or strip, and is different from ungimped or with a twist of less than 5 turns per meter. This article will provide an in-depth understanding of this product, its description, duty rates, quantity unit, and special tariff preference programs associated with it.
Metalized textile yarn is a type of yarn that is made by coating a layer of metal on a textile material. The yarn is composed of man-made monofilament or strip, which means it is not made of natural fibers like cotton or wool. The metal coating gives the yarn a shiny and reflective appearance, making it suitable for various applications in the textile industry.
It is important to note that this HS code specifically includes metalized textile yarn that is not ungimped (not untwisted) and has a twist of less than 5 turns per meter. The twist refers to the number of times the yarn is twisted or coiled in a given length. In this case, the twist is minimal, indicating a specific type of yarn that is used for particular purposes.
The bound / MFN (Most Favored Nation) duty rate for HS Code 56050090 is 13.2%. The MFN duty rate is a tariff rate that is applied to imports from all trading partners equally. It ensures that when a country lowers a trade barrier or opens up a market, it does so for the same goods or services from all its trading partners.
This duty rate is applicable every time the product is imported, regardless of the country of origin. Importers need to pay this duty rate to clear the customs and bring the metalized textile yarn into the country.
The quantity unit for HS Code 56050090 is kilograms (KG). It means that the weight of the metalized textile yarn is measured in kilograms. This unit is commonly used in international trade to determine the quantity and value of goods being imported or exported.
There are several special tariff preference programs associated with HS Code 56050090. These programs provide certain countries or products with preferential treatment in terms of duty rates. The following countries are eligible for special rates:
These special tariff preference programs allow for reduced or duty-free rates for metalized textile yarn imported from or exported to the mentioned countries. It is important for importers and exporters to be aware of these programs and ensure compliance with the specific requirements to benefit from the preferential treatment.
When it comes to importing metalized textile yarn under HS Code 56050090, there are no specific restrictions on the US states that can import this product. Importers from any US state can bring in this product by following the necessary customs procedures and paying the applicable duty rate.
Regarding exporting, the information provided does not specify any particular US states that are actively exporting metalized textile yarn under this HS code. However, it is important to note that the product can be exported from any US state to various destinations around the world, subject to compliance with the specific regulations of the importing countries.
In summary, HS Code 56050090 represents metalized textile yarn made of man-made monofilament or strip, excluding ungimped or with a twist of less than 5 turns per meter. This product is subject to a bound / MFN duty rate of 13.2% and is measured in kilograms. Various special tariff preference programs provide preferential treatment to specific countries. Importers and exporters should familiarize themselves with these programs to benefit from reduced or duty-free rates. Metalized textile yarn can be imported into any US state, and its export destinations are not specifically limited to any particular state.