The HS Code 54023931 refers to a specific product category in international trade. In this case, it represents single textured yarn that is not put up for retail sale. This article aims to provide information about the product, its import-export regulations, and special tariff preference programs associated with it.
Product Description: Single textured yarn, nesoi, not put up for retail sale
The product described by HS Code 54023931 is single textured yarn. Textured yarn refers to a type of yarn that has been processed to create various effects, such as crimping or curling. This can be achieved through mechanical, heat, or chemical processes. Single textured yarn means that it has a single texture or effect applied to it. This yarn is not intended for retail sale, meaning it is primarily used by manufacturers in further production processes.
Bound / MFN Duty Rate: 8.8%
The bound or most-favored-nation (MFN) duty rate for HS Code 54023931 is 8.8%. This means that when 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. The duty rate is the percentage of the product's value that needs to be paid as customs duty when importing or exporting the product. In this case, the duty rate is 8.8% of the product's value.
Quantity Unit: Kilograms (KG)
The quantity unit for HS Code 54023931 is kilograms (KG). This means that the product is measured and traded in kilograms. When importing or exporting this product, the quantity will be specified in kilograms.
Special Tariff Preference Programs:
Importing US States and Exporting US States:
HS Code 54023931 can be imported into and exported from various states in the United States. The specific states involved in importing or exporting this product will depend on market demand, trade agreements, and other factors. It is important for importers and exporters to be aware of the regulations and requirements of the respective states they are dealing with.
HS Code 54023931 represents single textured yarn that is not put up for retail sale. It has a bound / MFN duty rate of 8.8% and is measured in kilograms. There are special tariff preference programs that offer duty-free treatment for this product in certain countries, such as Australia, Canada (under NAFTA), Israel, and others. Importers and exporters should also consider the specific importing and exporting states in the United States when dealing with this product.