When it comes to international trade, the Harmonized System (HS) code is a crucial identifier for various products. HS Code 56074930 specifically refers to twine, cordage, rope, and cables made from polyethylene or polypropylene, excluding binder or baler twine. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states.
The product covered by HS Code 56074930 is twine, cordage, rope, and cables made from polyethylene or polypropylene, not including binder or baler twine. These materials are widely used in various industries for their strength, durability, and versatility. Polyethylene and polypropylene are synthetic polymers known for their excellent resistance to moisture, chemicals, and UV radiation.
The bound or most-favored-nation (MFN) duty rate for products falling under HS Code 56074930 is 3.6%. This means that every time 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. This duty rate applies to imports of twine, cordage, rope, and cables made from polyethylene or polypropylene, regardless of the country of origin.
The quantity unit for HS Code 56074930 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported twine, cordage, rope, or cables made from polyethylene or polypropylene.
Several countries have special tariff preference programs in place for products falling under HS Code 56074930. These programs offer reduced or duty-free rates for imports from specific countries. Here are some examples:
Additionally, Australia (AU) offers a special rate of 3% for imports under HS Code 56074930, while Morocco (MA) provides a special rate of 0.4%.
HS Code 56074930 applies to imports and exports of twine, cordage, rope, and cables made from polyethylene or polypropylene in various US states. One of the states actively involved in the importation of these products is Virginia. Exporting US states may vary, depending on the demand and production capabilities of each state.
HS Code 56074930 covers twine, cordage, rope, and cables made from polyethylene or polypropylene, excluding binder or baler twine. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states is essential for businesses and individuals involved in international trade.