When it comes to the import and export of goods, a specific coding system is used to classify products. One such code is HS Code 59114000, which refers to straining cloth of a kind used in oil presses or similar applications. This article will delve into the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
HS Code 59114000 encompasses straining cloth made either from textile material or human hair. It is specifically designed for use in oil presses or similar machinery. This cloth helps in the filtration and separation of impurities from oil, ensuring the production of high-quality and pure oil.
Importing goods under HS Code 59114000 incurs a bound or most-favored-nation (MFN) duty rate of 8%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate to this specific product for all its trading partners. The duty rate ensures a fair and equal treatment of goods in international trade.
The quantity unit for HS Code 59114000 is kilograms (KG). This unit of measurement is commonly used to determine the weight of the straining cloth being imported or exported. It allows for accurate tracking and valuation of the product during trade transactions.
Several countries have implemented special tariff preference programs for goods classified under HS Code 59114000. These programs provide certain benefits and exemptions to importers and exporters. Here are some examples:
These tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific goods. Importers and exporters should take advantage of these programs to optimize their trading activities.
HS Code 59114000 is applicable for importing and exporting this specific product to and from various states in the United States. While the specific states are not mentioned in the provided data, it is important for traders to be aware of the regulations and requirements of the states involved in the import and export process.
HS Code 59114000 represents straining cloth used in oil presses or similar applications. It is subject to an 8% bound or MFN duty rate, with the quantity unit being kilograms (KG). Several countries have implemented special tariff preference programs for this HS code, offering benefits and exemptions to importers and exporters. Traders should stay informed about the import and export regulations of the involved countries and take advantage of the available tariff preference programs.