Import trade restrictions for 5503000000 80
Origin Origin country | Start | Duty / Tax | Legal
Legal base
Measure type | |
---|---|---|---|---|
1011
|
ERGA OMNES 1011 | 01/01/2004
|
4.000 % | Regulation 1789/03
Third country duty
103
|
2020
|
GSP - General arrangements 2020 | 01/01/2015
|
3.200 % | Regulation 0978/12
Tariff preference
142
|
KP
|
North Korea (Democratic People’s Republic of Korea) KP | 15/07/2015
|
Regulation 0936/15
Import prohibition
277
|
|
SG
|
Singapore SG | 21/11/2019
|
0.000 % | Decision 1875/19
Tariff preference
142
|
Explanation of trade restrictions
Erga Omnes means "for all".
Third countries are countries that are not part of the EU.
GSP means "Generalised System of Preferences".
GSP Plus means "Generalised System of Preferences Plus".
European Economic Area (EEA) means all EU member states and Iceland, Liechtenstein and Norway.
OCTs stands for "Overseas Countries and Territories". They are countries and territories that are not part of the EU. More information
CARIFORUM is a regional economic integration organisation comprising 15 Caribbean Community (CARICOM) countries and the Dominican Republic.
SADC EPA stands for "Southern African Development Community - Economic Partnership Agreement".
Duty means "customs duties".
Information
When importing or exporting "Synthetic staple fibres, not carded, combed or otherwise processed for spinning", it is crucial to have the correct HS code or TARIC code. The HS code 5503000000 80 serves as the standard code for this product, ensuring that the appropriate duties and taxes are applied when crossing international borders.
To ensure your business transactions run smoothly when importing or exporting "Synthetic staple fibres, not carded, combed or otherwise processed for spinning", consider the following points:
- Inform yourself about the specific import and export regulations in the countries involved. This includes possible restrictions, taxes, and duties applicable to "Synthetic staple fibres, not carded, combed or otherwise processed for spinning".
- Check if any additional licenses, permits, or certificates are required to import "Synthetic staple fibres, not carded, combed or otherwise processed for spinning" into the destination country or export it from the country of origin.
- Make sure your trading partners have valid identification numbers, such as EORI numbers (Economic Operators Registration and Identification) in the EU, to streamline trade and minimize delays.
- Ensure that all trade- and customs-related documents (such as commercial invoices, packing lists, certificates of origin, and insurance policies) are accurately completed and adhere to the respective national regulations.
- Keep an eye on the current exchange rates, as well as packaging, shipping, and insurance costs, to accurately calculate trade costs.
In summary, the HS code or TARIC code for "Synthetic staple fibres, not carded, combed or otherwise processed for spinning" is 5503000000 80. Make sure you accurately use this code in all your trade and customs documents to guarantee smooth and hassle-free transactions. With these tips, you'll be better prepared for the challenges of international trade and can successfully import and export "Synthetic staple fibres, not carded, combed or otherwise processed for spinning".
HS Code structure
1. Chapter
There are 21 different sections, which are divided into 96 chapters. Exceptional chapters include chapter 77, which is reserved for future use, chapters 98 and 99, which are limited at national level, and chapter 99, which is a specific code for temporary changes. In the example above, chapter 55 was selected for man-made staple fibres
2. Heading
The heading determines the specific category within a certain chapter. In the example above, the 03 refers to Synthetic staple fibres, not carded, combed or otherwise processed for spinning.
HS Code tree structure
5500000000 80
Chapter MAN-MADE STAPLE FIBRES
5503000000 80
Synthetic staple fibres, not carded, combed or otherwise processed for spinning
5503110000 10
- Of nylon or other polyamides
5503110000 80
- - Of aramids
5503110010 80
- - - Synthetic staple fibres of a copolymer of terephthalic acid, p-phenylenediamine and 3,4'-oxybis(phenyleneamine), of a length of not more than 7 mm
5503110090 80
- - - Other
5503190000 80
- - Other
5503200000 80
- Of polyesters
5503300000 80
- Acrylic or modacrylic
5503400000 80
- Of polypropylene
5503900000 80
- Other
5503900020 80
- - Poly(vinyl alcohol) fibres, whether or not acetalized
5503900090 80
- - Other