The HS Code 54023430 refers to single textured polypropylene yarn that is not put up for retail sale. This article will provide an extensive overview of this product, including its description, quantity unit, bound / MFN duty rate, and special tariff preference programs. It will also mention the importing and exporting US states associated with this HS code.
The HS Code 54023430 represents single textured polypropylene yarn. Polypropylene is a thermoplastic polymer that is widely used in various industries, including textiles, packaging, automotive, and more. Single textured polypropylene yarn refers to a type of yarn made from this material, which has a single texture or finish. It is commonly used in the production of fabrics, ropes, carpets, and other textile products.
The bound / MFN (Most Favored Nation) duty rate for HS Code 54023430 is 8.8%. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of tariffs or duties. Therefore, any country importing or exporting single textured polypropylene yarn under this HS code will be subject to an 8.8% duty rate.
The quantity unit for HS Code 54023430 is kilograms (KG). This means that the measurement and pricing of this product are based on its weight in kilograms. It is essential for importers and exporters to accurately determine the weight of the yarn to ensure proper documentation and cost calculation.
For HS Code 54023430, there are several special tariff preference programs available. These programs offer specific tariff rates or duty exemptions for importing countries. The following are the special tariff preference programs applicable to this HS code:
These special rates and exemptions aim to promote trade and strengthen economic relationships between the importing countries and the United States. Importers should take advantage of these programs to reduce costs and enhance competitiveness in the market.
While specific importing and exporting US states are not provided in the given data, it is worth noting that HS Code 54023430 can be imported and exported by various states across the country. Some of the prominent textile and manufacturing states in the US, such as North Carolina, South Carolina, Georgia, and California, often engage in the import and export of polypropylene yarn and related products.
the HS Code 54023430 represents single textured polypropylene yarn. This article has provided an extensive overview of this product, including its description, quantity unit, bound / MFN duty rate, and special tariff preference programs. Importers and exporters should carefully consider these factors to ensure compliance with trade regulations and take advantage of available tariff benefits.