Modacrylic staple fibers with a composition of at least 85% by weight of acrylonitrile units, colored, crimped, with an average decitex of 2.2 and a length of 50 mm fall under HS Code 99024017. These fibers are classified under subheading 5503.30.00. The HS Code is a standardized system used globally to classify and identify traded products.
When importing or exporting goods, it is essential to correctly identify the HS Code for the product. This code determines the applicable duties, tariffs, and regulations associated with the trade. HS Code 99024017 specifically refers to modacrylic staple fibers meeting the mentioned description.
Bound / MFN (Most Favored Nation) duty rate for HS Code 99024017 is free. This means that no import duty is levied when importing these fibers into a country. The concept of MFN is based on the principle of non-discrimination in trade. It ensures that every time 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.
Unfortunately, the quantity unit for HS Code 99024017 is not available (NA). This means that the data regarding the specific quantity of fibers being imported or exported under this code is not provided or may vary on a case-by-case basis.
Special tariff preference programs may exist for specific products under HS Code 99024017. These programs aim to promote trade and economic development between countries. They may include preferential duty rates, exemptions, or other benefits for eligible imports or exports. However, further information regarding any such programs applicable to modacrylic staple fibers is not provided in the given data.
When it comes to importing or exporting under HS Code 99024017, it is crucial for businesses to be aware of the specific regulations, documentation requirements, and any applicable special tariff preference programs. This knowledge ensures compliance with customs authorities and maximizes the benefits of international trade.
HS Code 99024017 represents modacrylic staple fibers with a composition of at least 85% acrylonitrile units, colored, crimped, with an average decitex of 2.2 and a length of 50 mm. Understanding the HS Code system and its associated details is essential for businesses engaged in international trade.