Twine, cordage, rope, and cables made of abaca or other hard (leaf) fibers are classified under HS Code 56079035. This HS code is used to identify and categorize these specific products for international trade and customs purposes.
The product description states that the twine, cordage, rope, and cables included in this HS code are not of stranded construction and should not exceed a diameter of 1.88 cm. These products are commonly used in various industries such as agriculture, construction, and marine activities.
When importing or exporting these products, it is essential to be aware of the duty rates imposed by customs authorities. For HS Code 56079035, the bound or Most Favored Nation (MFN) duty rate is 3.4%. This means that countries must apply this duty rate consistently to all imports and exports of these products, regardless of their trading partners.
The quantity unit for this HS code is kilograms (KG). This unit of measurement is used to determine the weight of the twine, cordage, rope, and cables being imported or exported.
However, there are certain special tariff preference programs that offer reduced or duty-free rates for imports of HS Code 56079035. The following countries or regions provide preferential treatment for these products:
In addition to these preferential programs, the Caribbean Basin Initiative (CBI) and the Andean Trade Preference Act (ATPA) also provide duty-free treatment for imports of HS Code 56079035 from eligible countries within their respective regions.
It is important for importers and exporters to be familiar with these special tariff preference programs as they can significantly reduce the cost of importing or exporting twine, cordage, rope, and cables of abaca or other hard (leaf) fibers.
When it comes to importing these products into the United States, there are no specific restrictions on which states can receive these imports. As long as the necessary customs procedures and requirements are met, twine, cordage, rope, and cables of HS Code 56079035 can be imported into any state in the US.
Similarly, when exporting these products from the United States, there are no limitations on which states can send these exports. Exporters from any state in the US can engage in international trade of twine, cordage, rope, and cables classified under HS Code 56079035.
HS Code 56079035 represents twine, cordage, rope, and cables made of abaca or other hard (leaf) fibers. Importers and exporters of these products should be aware of the applicable duty rates and special tariff preference programs that can provide reduced or duty-free treatment. Understanding the regulations and requirements associated with this HS code is crucial for successful international trade in these products.