The HS Code 56090030 refers to articles made of yarn, strip, twine, cordage, rope, or cables that are not elsewhere specified or included, and are made of man-made fibers. This code is used to classify and identify specific products for international trade purposes.
The bound or most-favored-nation (MFN) duty rate for products falling under HS Code 56090030 is 4.5%. The MFN principle states 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. This ensures fair and non-discriminatory treatment in international trade.
The quantity unit for products classified under HS Code 56090030 is kilograms (KG). This means that the weight of the imported or exported goods is measured in kilograms.
There are also special tariff preference programs available for products falling under HS Code 56090030. These programs provide reduced or duty-free rates for specific countries. The following countries have special tariff rates for this HS Code:
These special tariff rates aim to promote trade and economic cooperation between the countries involved. They provide advantages and incentives for businesses to import or export goods falling under HS Code 56090030.
When importing goods classified under HS Code 56090030 to the United States, it is important to consider the regulations and requirements of specific states. Similarly, when exporting these goods from the United States, knowledge of the importing states' regulations and requirements is crucial for a smooth trade process.
HS Code 56090030 represents articles made of yarn, strip, twine, cordage, rope, or cables of man-made fibers. It is important for businesses engaged in international trade to understand the duty rates, quantity units, and special tariff preference programs associated with this HS Code to make informed import and export decisions.