The HS Code 99024016 refers to Modacrylic staple fibers that contain at least 85% of acrylonitrile units by weight. These fibers are ecru in color, crimped, and have an average decitex of 2.2. The length of these fibers is 50 mm, as specified in subheading 5503.30.00.
Modacrylic fibers are synthetic fibers that are known for their flame-retardant properties. They are widely used in various applications, including textile and apparel industries, as well as in flame-resistant fabrics for protective clothing. The HS Code 99024016 specifically identifies modacrylic staple fibers that meet certain specifications.
When it comes to international trade, the HS code plays a crucial role in identifying and classifying goods. It is an internationally recognized system developed by the World Customs Organization (WCO) to standardize the classification of traded products. The HS code consists of a series of numbers and is used by customs authorities to determine the appropriate duties, taxes, and regulations applicable to a particular product.
The Bound / MFN duty rate for HS Code 99024016 is free. This means that there are no import duties or tariffs imposed on these modacrylic staple fibers when they are imported into a country. The concept of the Bound / MFN duty rate is based on the principle of non-discrimination in international trade. It 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.
Unfortunately, the quantity unit for HS Code 99024016 is not available (NA). This information is essential for determining the volume or weight of the product being traded. Without this information, it may be challenging to accurately assess the value or quantity of the modacrylic staple fibers being imported or exported.
In addition to the Bound / MFN duty rate, there may be special tariff preference programs applicable to HS Code 99024016. These programs are designed to promote trade between specific countries or regions by granting preferential treatment in terms of reduced or eliminated import duties. However, the specific details of these programs are not mentioned in the given data.
It is worth noting that the HS code is not only used for import purposes but also for export. The data provided does not specify the importing and exporting US states for HS Code 99024016. This information is crucial for understanding the trade flow of these modacrylic staple fibers between different states within the United States.
the HS Code 99024016 identifies and classifies modacrylic staple fibers that meet specific criteria regarding their composition, color, crimp, decitex, and length. These fibers are widely used in various industries, especially in flame-resistant fabrics. The Bound / MFN duty rate for these fibers is free, indicating no import duties or tariffs. Unfortunately, the quantity unit is not available, making it challenging to determine the precise volume or weight of the traded product. Further information regarding special tariff preference programs and the importing/exporting US states would provide a more comprehensive understanding of the trade dynamics associated with HS Code 99024016.