Modacrylic staple fibers, classified under HS code 99024008, are synthetic fibers primarily composed of acrylonitrile units. These fibers are widely used in various industries such as textiles, upholstery, and automotive manufacturing. In this article, we will explore the product description, tariff rates, and special tariff preference programs related to this HS code.
The product description for HS code 99024008 is as follows: Modacrylic staple fibers with a minimum composition of 85% by weight of acrylonitrile units. These fibers are undyed and have a crimped structure. They have an average decitex of 1.3 and a length of 38 mm. This specific description is mentioned under subheading 5503.30.00.
Modacrylic staple fibers are known for their excellent flame resistance, thermal insulation, and durability. Due to these properties, they are commonly used in the production of protective clothing, home furnishings, and hair wigs. The crimped structure of these fibers provides them with better elasticity, making them suitable for various applications.
The bound or most favored nation (MFN) duty rate for HS code 99024008 is free. This means that no import duties or tariffs are levied on the importation of modacrylic staple fibers meeting the specified criteria. The MFN principle ensures that any trade barrier or market opening made by a country must be applied to all its trading partners equally.
By eliminating import duties, countries aim to promote the free flow of goods and services across borders, encouraging international trade and economic growth. This benefits both the exporting and importing countries by facilitating cost-effective sourcing and expanding market access.
The quantity unit for HS code 99024008 is not available (NA). It means that the specific measure of the product quantity, such as weight or volume, is not mentioned under this HS code. The absence of a quantity unit indicates that the importation or exportation of modacrylic staple fibers is not restricted based on quantity but rather on the specified criteria mentioned in the product description.
Special tariff preference programs are initiatives established by countries to promote trade and economic cooperation with specific regions or countries. These programs aim to provide preferential treatment, such as reduced or zero tariff rates, to eligible products based on their origin or compliance with certain criteria.
For HS code 99024008, there may be special tariff preference programs available depending on the country of import or export. These programs can include regional trade agreements, free trade agreements, or preferential trade arrangements. It is essential for importers and exporters to research and understand the specific programs applicable to their trade transactions to benefit from potential tariff reductions or exemptions.
The importation and exportation of modacrylic staple fibers classified under HS code 99024008 can occur between various states within the United States. The specific importing and exporting states may vary depending on market demand, production capabilities, and supply chain dynamics.
Some of the major importing states for modacrylic staple fibers in the US include California, Texas, New York, Illinois, and Pennsylvania. These states have a significant textile and manufacturing industry, which drives the demand for various types of synthetic fibers. On the other hand, states such as North Carolina, Georgia, South Carolina, and Alabama are major exporters of modacrylic staple fibers due to their robust textile production infrastructure.
HS code 99024008 represents modacrylic staple fibers with specific characteristics and composition. Understanding the product description, tariff rates, and special tariff preference programs associated with this HS code is crucial for importers, exporters, and industry stakeholders. By leveraging the benefits of free trade and exploring potential preferential trade programs, businesses can optimize their supply chains and expand their market reach.