The HS Code 99020302 is specifically assigned to yarn of carded cashmere of 6 run or higher. This type of yarn is equivalent to the 19.35 metric yarn system. The HS code is provided for in subheading 5108.10.80.
Yarn of carded cashmere is a valuable and luxurious material used in the textile industry. It is known for its softness, warmth, and durability. Cashmere yarn is made from the fine fibers of cashmere goats, which are primarily found in regions such as Mongolia, China, and Iran.
When it comes to trade, the HS code plays a crucial role in classifying products for customs purposes. It helps in identifying the specific type of product and determining the applicable customs duties and regulations. The HS code 99020302 is used to classify and track imports and exports of yarn of carded cashmere.
The bound or MFN (Most Favored Nation) duty rate for this product is free. This means that there are no customs duties imposed on imports or exports of yarn of carded cashmere. The MFN principle ensures that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This promotes fair trade practices and eliminates discrimination among trading partners.
Unfortunately, the quantity unit for this specific HS code is not available (NA). However, it is important to note that the value of imports and exports for yarn of carded cashmere can vary significantly depending on market demand, production volumes, and other factors.
In terms of special tariff preference programs, there is no change for this HS code. This means that there are no specific preferential tariff programs or agreements in place for yarn of carded cashmere. However, it is always advisable to stay updated with the latest trade agreements and preferences to take advantage of any potential benefits.
Importing and exporting of yarn of carded cashmere can occur between various US states and exporting countries. The specific states involved in importing and exporting will depend on the business transactions and market dynamics. It is essential for businesses to comply with all customs regulations and documentation requirements when engaging in international trade of this product.
the HS code 99020302 is assigned to yarn of carded cashmere of 6 run or higher. This luxurious and high-quality material is used in the textile industry and is known for its softness and warmth. The MFN duty rate for this product is free, promoting fair trade practices. While the quantity unit is not available, it is important to stay updated with the latest trade agreements and preferences. Importing and exporting of yarn of carded cashmere can occur between various US states and exporting countries, subject to customs regulations and documentation requirements.