Yarn of carded Kashmir (cashmere) goat hair is classified under HS Code 99024085. This code is used to identify and categorize this specific product for international trade purposes. The product description indicates that the yarn has a yarn count less than 19.35 metric and is not put up for retail sale. It falls under the subheading 5108.10.80.
When importing or exporting goods, it is important to understand the relevant HS code for accurate classification and compliance with customs regulations. The HS code system is a standardized international system for classifying and categorizing products. It is used by customs authorities worldwide to identify products and determine applicable duties and tariffs.
The bound or MFN (Most Favored Nation) duty rate for HS Code 99024085 is free. This means that there are no additional duties or tariffs imposed on this product when traded between countries. The concept of MFN 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 must do so for the same goods or services from all its trading partners.
The quantity unit for this HS code is not available (NA). This implies that the specific unit of measurement for the yarn of carded Kashmir goat hair is not specified or standardized. It may vary depending on the specific trade transaction or agreement.
There are various special tariff preference programs that countries may participate in to promote trade and economic cooperation. These programs provide preferential treatment, such as reduced or zero tariffs, for certain products or trading partners. However, it is important to note that specific information about special tariff preference programs for HS Code 99024085 is not available in the given data.
When it comes to importing or exporting HS Code 99024085, it is essential to consider the regulations and requirements of both the importing and exporting countries. Additionally, it is crucial to ensure accurate classification and compliance with the HS code for smooth customs clearance and trade facilitation.
HS Code 99024085 refers to yarn of carded Kashmir (cashmere) goat hair with a yarn count less than 19.35 metric, not put up for retail sale. It is important to understand and comply with the relevant HS code when engaging in international trade to ensure smooth customs clearance and adherence to regulations.