HS Code 37024201: Film in rolls, without sprocket holes, of a width exceeding 610 mm and of a length exceeding 200 m, other than for color photography
Film photography has been a popular medium for capturing images for many years. While digital photography has gained prominence in recent times, film photography still holds a special place in the hearts of many photographers and enthusiasts. In order to facilitate the international trade of film products, a standardized system known as the Harmonized System (HS) Code was established. The HS Code 37024201 specifically pertains to film in rolls, without sprocket holes, of a width exceeding 610 mm and of a length exceeding 200 m, other than for color photography.
The HS Code 37024201 serves as a unique identifier for customs authorities and traders to classify and track these specific types of film products. It ensures that the correct duties and taxes are applied and that the products meet the necessary regulatory requirements. By using this code, countries can easily identify and categorize film products, making international trade more efficient and transparent.
The Bound/MFN duty rate for HS Code 37024201 is set at 3.7%. This means that every time 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. This helps to promote fair trade practices and equal treatment among trading partners.
The quantity unit for HS Code 37024201 is square meters (M2). This unit of measurement is used to determine the area of the film in rolls. It provides a standardized way to quantify and compare the size of film products, ensuring consistency in trade transactions.
In addition to the duty rate and quantity unit, HS Code 37024201 is also eligible for special tariff preference programs. These programs offer specific benefits or exemptions for certain countries. For HS Code 37024201, the following special tariff preference programs apply:
- Generalized System of Preferences (GSP) (duty-free treatment)
- Australia Special Rate
- Bahrain Special Rate
- NAFTA for Canada (duty-free treatment)
- Chile Special Rate
- Caribbean Basin Initiative (CBI)
- Israel Special Rate (duty-free treatment)
- Andean Trade Preference Act (ATPA)
- Jordan Special Rate
- Morocco Special Rate
- NAFTA for Mexico
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru Special Rate
- Singapore Special Rate
These special tariff preference programs aim to foster trade relationships and provide incentives for countries to engage in mutually beneficial trade practices. By offering duty-free treatment or special rates, these programs encourage the import and export of film products, promoting economic growth and cooperation.
In terms of importing and exporting HS Code 37024201, there are specific US states involved. The importing US states for this HS Code include Colorado and Oregon. These states have a demand for film products and serve as important hubs for the distribution and use of film in various industries.
HS Code 37024201 plays a crucial role in the international trade of film products. It provides a standardized classification system, ensuring that the correct duties and taxes are applied and that regulatory requirements are met. The special tariff preference programs associated with this HS Code offer additional benefits and incentives for certain countries. By understanding and utilizing this HS Code, traders can navigate the complexities of international trade more effectively, promoting economic growth and cooperation in the film industry.
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