The HS Code 99020306 refers to high tenacity multiple (folded) or cabled yarn of viscose rayon. This product is classified under subheading 5403.10.60. In this article, we will explore the details of this HS code and its implications for international trade.
When importing or exporting goods, it is essential to have a standardized classification system to facilitate trade. The Harmonized System (HS) code is a globally recognized system used to classify products for customs purposes. Each HS code corresponds to a specific product or group of products, allowing for uniformity and clarity in international trade.
The product description for HS Code 99020306 is high tenacity multiple (folded) or cabled yarn of viscose rayon. Viscose rayon is a type of regenerated cellulose fiber commonly used in the textile industry. The yarn produced from viscose rayon is known for its high strength and durability.
High tenacity multiple or cabled yarn refers to yarn that is made by combining multiple individual yarns together. This process enhances the strength and performance of the yarn, making it suitable for various applications.
The bound or most-favored-nation (MFN) duty rate for HS Code 99020306 is free. This means that there are no import duties imposed on this product when traded between countries. The MFN principle states that a country must apply the same trade barriers or market opening measures to all its trading partners for the same goods or services. Therefore, the duty rate remains consistent regardless of the country of origin or destination.
This duty-free status encourages international trade and promotes the accessibility of high-quality viscose rayon yarn to manufacturers and businesses worldwide. It also eliminates potential trade barriers that could impede the flow of goods across borders.
The quantity unit for HS Code 99020306 is not available (NA). This indicates that the HS code does not specify a specific unit of measurement for the product. It could vary depending on the specific requirements of the trade transaction or the preferences of the parties involved.
There are no specific special tariff preference programs associated with HS Code 99020306. Special tariff preference programs are trade agreements or schemes that provide preferential treatment or reduced duties for certain products traded between specific countries. However, in the case of this HS code, no such programs or changes apply.
The HS Code 99020306 can be imported and exported between various states within the United States. The specific importing and exporting states may vary depending on the demand for high tenacity multiple or cabled yarn of viscose rayon in different regions.
Some of the major textile manufacturing states in the US include North Carolina, South Carolina, Georgia, and California. These states have a significant presence in the textile industry and may engage in the import and export of yarn and other textile products.
Overall, HS Code 99020306 plays a crucial role in facilitating the international trade of high tenacity multiple or cabled yarn of viscose rayon. Its duty-free status and the absence of specific tariff preference programs make it an attractive product for manufacturers and businesses looking for high-quality yarn for textile production.