HS Code 99024031: Acrylic Staple Fibers
Acrylic staple fibers, classified under HS code 99024031, are an essential component in various industries, including textiles and clothing manufacturing. These fibers are widely used for their excellent properties, such as high strength, durability, and resistance to wrinkles and fading. In this article, we will explore the details of HS code 99024031, including its product description, duty rates, and special tariff preference programs.
Product Description:
Acrylic staple fibers falling under HS code 99024031 must meet specific criteria. They should consist of at least 92% polyacrylonitrile by weight and should not be dyed or carded. The fibers have a decitex range of 4 to 6.7 and a length of 100-135 mm. This subheading (5503.30.00) provides a clear classification for acrylic staple fibers within the broader category of polyacrylonitrile fibers.
Bound / MFN Duty Rate:
Under the World Trade Organization's Most Favored Nation (MFN) principle, countries are obliged to apply the same trade barriers and market access conditions to all their trading partners. Regarding HS code 99024031, the bound duty rate is free. This means that no import duty is imposed on acrylic staple fibers meeting the specified criteria.
Quantity Unit:
The data available for the quantity unit of HS code 99024031 is not provided (NA). However, the quantity unit is typically measured in metric tons (MT) or kilograms (kg), depending on the specific import or export transaction.
Special Tariff Preference Programs:
Special tariff preference programs play a significant role in international trade, promoting economic cooperation and benefiting participating countries. While the article does not mention any specific special tariff preference programs related to HS code 99024031, it is important to note that such programs can exist and may vary from country to country.
Importing US States and Exporting US States:
When it comes to the import and export of acrylic staple fibers classified under HS code 99024031, it is crucial to consider the involved US states. The specific states engaged in the import or export of these fibers may vary depending on market demand, production capacities, and other relevant factors. However, some states known for their textile and clothing industries, such as California, New York, Texas, and North Carolina, are likely to be significant players in this trade.
HS code 99024031 represents acrylic staple fibers that meet specific criteria regarding their composition, dyeing, carding, and physical properties. These fibers are widely used in various industries, and their import and export are subject to the bound duty rate of free. While the article does not provide information on the quantity unit or specific special tariff preference programs, it emphasizes the importance of considering the importing and exporting US states when dealing with HS code 99024031.
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