The HS Code 55096920 refers to a specific type of yarn made from acrylic/modacrylic staple fibers mixed mainly/solely with artificial staple fibers. This yarn is in the form of singles and is not intended for retail sale. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing/exporting US states.
The product description for HS Code 55096920 is yarn made from a blend of acrylic/modacrylic staple fibers and artificial staple fibers. It is important to note that this yarn is not intended for use as sew thread. The term "staple fibers" refers to short fibers, typically less than 15 cm in length, that are spun into yarn. The yarn produced from these fibers is classified as singles, indicating that it consists of a single strand of yarn.
The bound / MFN (Most Favored Nation) duty rate for HS Code 55096920 is 9%. This 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 are subject to the same duty rate. This duty rate is applicable to imports of this yarn into various countries.
The quantity unit for HS Code 55096920 is kilograms (KG). This means that the weight of the yarn being imported or exported is measured in kilograms. It is important for traders and authorities to accurately measure and record the quantity of yarn involved in international trade to ensure proper customs procedures and valuation.
There are several special tariff preference programs associated with HS Code 55096920. These programs provide certain countries with preferential treatment or reduced duty rates when importing this yarn. The following countries have special tariff rates for this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between countries. By offering reduced or duty-free rates, they encourage the importation of specific goods and foster international trade relationships.
HS Code 55096920 is relevant for importing and exporting yarn into and from the United States. While the data provided does not specify the exporting US states, it states that Delaware and North Carolina are the importing US states. This indicates that these states have a significant demand for the yarn covered by this HS code.
HS Code 55096920 refers to yarn made from a blend of acrylic/modacrylic staple fibers and artificial staple fibers. It is important for traders, importers, and exporters to understand the product description, duty rates, quantity unit, special tariff preference programs, and the importing/exporting US states associated with this HS code to ensure compliance with international trade regulations and take advantage of any available trade benefits.