HS Code 56075035: Twine, Cordage, Rope, and Cables of Synthetic Fibers
Twine, cordage, rope, and cables of synthetic fibers are essential products used in various industries for their strength, durability, and versatility. HS Code 56075035 specifically refers to these products made of synthetic fibers, excluding polyethylene or polypropylene, and that are not braided or plaited.
The HS Code is an international classification system used to standardize and categorize traded goods. It is crucial for importers, exporters, and customs officials to accurately identify and classify products for tariff rates and statistical purposes. HS Code 56075035 helps ensure the smooth flow of trade for twine, cordage, rope, and cables of synthetic fibers.
The bound or most-favored-nation (MFN) duty rate for products under HS Code 56075035 is 19.9 cents per kilogram, with an additional 10.8% duty applied whenever a country lowers a trade barrier or opens up a market. This duty rate applies uniformly to all trading partners of a country, promoting fair trade practices.
The quantity unit for this HS Code is kilograms (KG). It is necessary to measure and declare the weight of the imported or exported products accurately to determine the applicable duties and taxes.
However, there are special tariff preference programs available for products under HS Code 56075035. These programs provide certain countries with reduced or duty-free rates, promoting trade partnerships and economic cooperation. The following countries and regions enjoy special tariff rates for these products:
- Bahrain (BH)
- Canada (CA) - NAFTA for duty-free treatment
- Chile (CL) - Special Rate
- Israel (IL) - Special Rate (duty-free treatment)
- Jordan (JO) - Special Rate
- Mexico (MX) - NAFTA for duty-free treatment
- Oman (OM) - Special Rate
- Peru (PE) - Special Rate
- Singapore (SG) - Special Rate
Additionally, Australia (AU) enjoys a special rate of 3% for these products, while Morocco (MA) has a unique rate of 2?/kg plus 1.1%.
When importing twine, cordage, rope, and cables of synthetic fibers under HS Code 56075035 into the United States, it is essential to consider the specific regulations and requirements of the importing and exporting states. In this case, Virginia is one of the states involved in the trade of these products.
HS Code 56075035 covers the classification of twine, cordage, rope, and cables of synthetic fibers that are not braided or plaited. It provides a standardized system for international trade and ensures fair and transparent practices. Importers and exporters should be aware of the applicable duty rates and any special tariff preference programs available to maximize trade benefits.
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