The HS Code 37024301 represents a specific product category in international trade. It refers to film rolls without sprocket holes, with a width exceeding 610 mm and a length not exceeding 200 m. This article aims to provide a comprehensive understanding of this HS code, including its product description, tariff rates, quantity unit, and special tariff preference programs.
The product described by HS Code 37024301 is film in rolls, which means it is a thin, flexible material wound on a cylindrical core. This film does not have sprocket holes, which are commonly used for advancing the film in certain cameras or projectors. The film's width must exceed 610 mm, and its length should not exceed 200 m.
This HS code is used to classify and identify this specific type of film for import and export purposes. It enables customs authorities and traders to easily categorize and track the product during international trade.
The bound or Most Favored Nation (MFN) duty rate for HS Code 37024301 is 3.7%. The MFN duty rate represents the baseline tariff rate applicable to all countries. However, it is important to note that countries may negotiate and apply preferential tariff rates through free trade agreements or special tariff preference programs.
According to the principle of MFN treatment, whenever a country lowers a trade barrier or opens up a market for certain goods or services, it must do so for all its trading partners equally. This ensures non-discrimination and fair trade practices among countries.
The quantity unit for HS Code 37024301 is square meters (M2). This unit of measurement is used to quantify the surface area of the film. It allows for accurate measurement and calculation of the quantity of film being imported or exported.
HS Code 37024301 is eligible for various special tariff preference programs. These programs provide preferential treatment in terms of duty rates for specific countries. Here is a list of the programs and the countries eligible for them:
These special tariff preference programs aim to promote trade and economic cooperation between countries. They provide incentives for certain countries to encourage import and export activities, leading to increased trade volumes and economic growth.
The HS Code 37024301 applies to film in rolls without sprocket holes being imported and exported from the United States. While this HS code does not specify the specific states involved in importing or exporting, it is relevant for all states in the US.
However, it is worth mentioning that certain states in the US may have a higher concentration of film production or trade activities. For example, Colorado and Oregon are known for their film production industries. These states may have a greater involvement in importing or exporting film products classified under HS Code 37024301.
HS Code 37024301 represents film rolls without sprocket holes, with specific dimensions, and is subject to a bound or MFN duty rate of 3.7%. It is important for traders and customs authorities to accurately classify and identify this product for international trade purposes. The special tariff preference programs and the involvement of specific US states further contribute to the complexity and significance of this HS code.