The HS Code 70191924 refers to a specific type of product: fiberglass rubber reinforce yarn. This yarn is characterized by its color and its electrically non-conductive properties. It is made up of continuous filaments that are 9 to 11 microns in diameter and are impregnated for adhesion to polymers.
When it comes to international trade, the HS Code plays a crucial role in identifying and classifying different products. This code is used by customs authorities around the world to determine the appropriate duties and regulations that apply to specific goods.
The specific details of the HS Code 70191924 indicate that the product is typically measured and traded in kilograms (KG). This unit of measurement allows for consistency and accuracy when it comes to international trade transactions.
One important aspect to consider when importing or exporting goods is the duty rate. The bound or Most Favored Nation (MFN) duty rate for HS Code 70191924 is free. This means that no duty or tariff is applied to this product, regardless of the country of origin or destination.
In addition to the MFN duty rate, there are also special tariff preference programs that apply to HS Code 70191924. These programs offer duty-free treatment for certain countries. Some of the countries that enjoy this special rate include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic-Central American countries (under DR-CAFTA), Peru, and Singapore.
These special tariff preference programs are designed to promote trade and economic cooperation between countries. By providing duty-free treatment for specific goods, these programs aim to facilitate commerce and encourage international business relationships.
When it comes to importing HS Code 70191924 into the United States, there are no specific restrictions or requirements. As long as the product meets the description provided by the HS Code, it can be imported into any state within the US.
Similarly, when exporting HS Code 70191924 from the United States, there are no limitations or restrictions. The product can be exported to any country that accepts imports of this specific type of yarn.
the HS Code 70191924 refers to fiberglass rubber reinforce yarn with specific characteristics and properties. This code is used to classify and regulate the international trade of this product. The duty rate for this HS Code is free, and there are also special tariff preference programs that offer duty-free treatment for certain countries. Importing and exporting this product does not have any specific restrictions or requirements, allowing for smooth and efficient international trade.