The HS Code 54033990 refers to artificial filament yarn that is not put up for retail sale. This code is used to classify and track the import and export of this specific product. In this article, we will explore the details of this HS code, including its description, duty rates, quantity unit, and special tariff preference programs.
The product classified under HS Code 54033990 is artificial filament yarn, not elsewhere specified or included (nesoi), and is single in structure. It is important to note that this yarn is not intended for retail sale, meaning it is typically used for industrial or manufacturing purposes.
The bound or most-favored-nation (MFN) duty rate for HS Code 54033990 is 8%. This means 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 8% duty rate is applied to the value of the imported artificial filament yarn.
The quantity unit for HS Code 54033990 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported artificial filament yarn. It is important for both importers and exporters to accurately measure and declare the quantity of the product in kilograms.
There are several special tariff preference programs associated with HS Code 54033990. These programs provide specific benefits or exemptions to certain countries when importing or exporting artificial filament yarn. The countries included in these programs are:
These special tariff preference programs allow eligible countries to import or export artificial filament yarn under specific conditions, such as reduced or exempted duty rates. Importers and exporters should familiarize themselves with the requirements and benefits of these programs to take advantage of the available trade opportunities.
HS Code 54033990 applies to both import and export transactions involving artificial filament yarn. The specific states involved in importing or exporting this product may vary depending on the trading partners. It is essential for businesses to comply with the customs regulations and requirements of both the importing and exporting countries or states to ensure smooth and legal trade operations.
HS Code 54033990 represents artificial filament yarn that is not put up for retail sale. This code is used to classify and track the import and export of this specific product. Importers and exporters should be aware of the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code to facilitate their trade operations effectively.