The HS Code 54023130 refers to single textured yarn made of nylon or other polyamides, with a maximum measurement of 500 decitex. This type of yarn is not intended for retail sale and is commonly used in various industries such as textile manufacturing, fashion, and home furnishings.
Understanding the HS Code system is crucial for international trade. HS Codes are used to classify products for customs purposes. Each code represents a specific product, allowing customs officials to easily identify and regulate imports and exports. In this case, the HS Code 54023130 categorizes single textured yarn made of nylon or other polyamides.
The bound or MFN (Most Favored Nation) duty rate for this product is 8.8%. The MFN principle ensures that when a country lowers trade barriers or opens up a market, it must do so for the same goods or services from all its trading partners. This promotes fair and equal trading opportunities among nations.
The unit of measurement for this product is kilograms (KG). This allows for easy calculation and tracking of the quantity being imported or exported.
Several countries offer special tariff preference programs for the importation of single textured yarn (HS Code 54023130). These programs provide benefits such as reduced or zero-duty rates, promoting trade and economic cooperation between countries. Below are the details of the special tariff preference programs for this product:
These special tariff preference programs aim to facilitate trade and strengthen economic ties between the countries involved. Importers and exporters can take advantage of these programs to reduce costs and enhance competitiveness in the global market.
The importation and exportation of single textured yarn (HS Code 54023130) into and out of the United States can occur between various states. Some of the major importing states include:
These states have a significant demand for textile products and are major hubs for international trade. Exporting from the United States to other countries may involve states such as:
These states have a strong manufacturing base and are known for their textile industries, making them key players in global trade.
the HS Code 54023130 represents single textured yarn made of nylon or other polyamides, not put up for retail sale. Its classification under this code allows for easy identification and regulation of this specific product. Understanding the bound duty rates, special tariff preference programs, and the importing/exporting states associated with this HS Code is essential for businesses engaged in international trade.