HS Code 56050010: Metal Coated or Metal Laminated Man-made Monofilament or Strip
Metal coated or metal laminated man-made monofilament or strip, ungimped and untwisted or with a twist of less than 5 turns per meter, falls under HS Code 56050010. This code is used to classify and identify this specific product for international trade purposes.
The HS Code 56050010 provides valuable information about the product's characteristics, such as its composition and manufacturing process. Understanding this code is essential for importers, exporters, customs officials, and other parties involved in international trade.
Product Description:
Metal coated or metal laminated man-made monofilament or strip refers to a type of material that is made of a synthetic fiber, such as nylon or polyester, which is then coated or laminated with a layer of metal. This process enhances the strength, durability, and conductivity of the material, making it suitable for various applications.
Bound / MFN Duty Rate:
The bound or MFN (Most Favored Nation) duty rate for HS Code 56050010 is 7.5%. This means that whenever 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 duty rate is applicable to all countries unless specific tariff preference programs apply.
Quantity Unit:
The quantity unit for HS Code 56050010 is kilograms (KG). This unit is used to measure the weight of the product during import and export transactions. It provides a standardized measurement that allows for accurate documentation and calculation of costs.
Special Tariff Preference Programs:
HS Code 56050010 is eligible for several special tariff preference programs. These programs provide certain countries with preferential treatment or duty-free access to the United States market. The countries that offer special rates for this HS Code are Australia, Bahrain, Canada (under NAFTA), Chile, European Union, Israel, Japan, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and the Dominican Republic-Central American countries (under DR-CAFTA).
Importing US States:
While not explicitly mentioned in the provided data, it is important to note that the importation of products under HS Code 56050010 is not limited to any specific US states. Importers located in any state within the United States can engage in trade involving this HS Code.
HS Code 56050010 represents metal coated or metal laminated man-made monofilament or strip that is ungimped and untwisted or with a twist of less than 5 turns per meter. Importers and exporters should familiarize themselves with this code to ensure proper classification and compliance with relevant regulations. The special tariff preference programs and the bound duty rate are crucial factors to consider when engaging in international trade involving this HS Code.
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