The HS Code 55013000 refers to synthetic filament tow made of acrylic or modacrylic. This product is commonly used in the textile industry for the manufacturing of various textile products such as yarns, fabrics, and garments. It is a versatile material that offers a wide range of properties and can be used in different applications.
Acrylic and modacrylic are synthetic fibers that are known for their softness, durability, and resistance to wrinkles and shrinkage. They are often used as substitutes for natural fibers such as wool or cotton, as they offer similar characteristics but at a lower cost. Synthetic filament tow made of acrylic or modacrylic is produced through a spinning process, where the fibers are extruded and then cut into short lengths.
When importing or exporting synthetic filament tow of acrylic or modacrylic, it is important to be aware of the HS Code 55013000. This code is used to classify the product for customs purposes and to determine the applicable duties and tariff rates. The HS Code is an internationally recognized system that allows for the uniform classification of goods traded between countries.
The bound or MFN (Most Favored Nation) duty rate for HS Code 55013000 is 7.5%. This means 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. The duty rate is a percentage of the value of the imported goods and is paid by the importer to the customs authorities of the importing country.
The quantity unit for synthetic filament tow of acrylic or modacrylic is kilograms (KG). This unit is used to measure the weight of the product and is important for determining the quantity of goods being imported or exported.
There are also special tariff preference programs available for this HS Code. Some countries offer duty-free treatment for the import of synthetic filament tow of acrylic or modacrylic from specific trading partners. For example, Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic and Central American countries (under DR-CAFTA), Peru, and Singapore offer special rate preferences for this product. These special rates aim to promote trade and economic cooperation between countries by reducing or eliminating import duties.
When it comes to the United States, the data shows that synthetic filament tow of acrylic or modacrylic under HS Code 55013000 is mainly imported by the state of Wyoming. This information can be useful for businesses involved in the import and distribution of this product, as it indicates the main entry point for these goods in the United States.
HS Code 55013000 refers to synthetic filament tow made of acrylic or modacrylic. This versatile material is widely used in the textile industry and offers various properties that make it suitable for different applications. When importing or exporting this product, it is important to be aware of the HS Code and the applicable duty rates. Additionally, some countries offer special tariff preference programs for this product, which can provide opportunities for trade and economic cooperation.