A necklaces wholly of plastic shapes on a fiber string, valued not over 30 cents per dozen falls under the HS code 71179010. This HS code is used to classify and identify this specific type of necklace for international trade purposes. It provides a standardized system for customs officials and traders to accurately classify and track goods as they are imported and exported.
The HS code 71179010 provides important information about the product, including its description, quantity unit, and any special tariff preference programs that may apply. Let's further explore these details:
This description tells us that the necklace is made entirely of plastic shapes and is strung on a fiber string. It also specifies that the value of the necklace should not exceed 30 cents per dozen. This information is crucial for determining the customs value and applicable duties for this particular product.
The bound or Most Favored Nation (MFN) duty rate for HS code 71179010 is free. This means that no duties will be charged when importing this product, as long as the country follows the principle of non-discrimination in trade. In other words, when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for HS code 71179010 is dozens (DOZ). This means that the product is typically measured and traded in multiples of dozens. For example, when importing or exporting this necklace, it would be measured and recorded in terms of dozens.
HS code 71179010 is eligible for various special tariff preference programs that can provide reduced or duty-free treatment for importers. The following programs are applicable:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties for certain products. Importers should take advantage of these programs to minimize costs and enhance competitiveness.
The following US states have reported imports of HS code 71179010:
These states have reported importing necklaces wholly of plastic shapes on a fiber string valued not over 30 cents per dozen. This information is useful for tracking the demand and distribution of this product within the United States.
The following US states have reported exports of HS code 71179010:
These states have reported exporting necklaces wholly of plastic shapes on a fiber string valued not over 30 cents per dozen. This information highlights the states that are actively engaged in the export of this product.
the HS code 71179010 represents necklaces wholly of plastic shapes on a fiber string, valued not over 30 cents per dozen. This code allows for accurate classification, tracking, and regulation of this product in international trade. Importers should take note of the special tariff preference programs available to minimize costs, while exporters can identify potential markets based on the importing states. Understanding the implications of the HS code is essential for successful and compliant international trade.