Gimped yarn, strip, and the like of man-made monofilament; chenille yarn; and loop wale-yarn fall under the HS Code 56060000. This code is used to classify these specific textile products for international trade purposes. 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 covered by HS Code 56060000 includes gimped yarn, strip, and the like of man-made monofilament; chenille yarn; and loop wale-yarn. Gimped yarn refers to a type of yarn that has been twisted and crimped to create a decorative effect. Strip and the like of man-made monofilament are narrow strips made from synthetic monofilament materials. Chenille yarn is a soft and fuzzy yarn with protruding pile tufts. Loop wale-yarn refers to a yarn with loops or raised ridges along its surface.
The bound / MFN (Most Favored Nation) duty rate for HS Code 56060000 is 8%. The MFN duty rate is the rate applied to all trading partners of a country when it lowers a trade barrier or opens up a market. This means that any country importing or exporting gimped yarn, chenille yarn, or loop wale-yarn classified under this HS code will be subject to an 8% duty rate.
The quantity unit for HS Code 56060000 is kilograms (KG). This means that the weight of the gimped yarn, chenille yarn, or loop wale-yarn being imported or exported should be measured and reported in kilograms.
Several special tariff preference programs are available for goods classified under HS Code 56060000. These programs provide preferential treatment in terms of duty rates for specific countries. The following countries have special tariff preference programs for gimped yarn, chenille yarn, and loop wale-yarn:
These countries offer either duty-free treatment or special rates for gimped yarn, chenille yarn, and loop wale-yarn imports from the United States.
When it comes to importing gimped yarn, chenille yarn, or loop wale-yarn into the United States, all states are eligible to receive these goods. However, it is important to note that the exporting US state for these products is Virginia. This means that gimped yarn, chenille yarn, and loop wale-yarn originating from Virginia are being exported to other states or countries.
HS Code 56060000 encompasses gimped yarn, strip, and the like of man-made monofilament; chenille yarn; and loop wale-yarn. This code helps classify these textile products for international trade purposes. It is essential for importers, exporters, and traders to be aware of the duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states associated with this HS code.