Import trade restrictions for 5510000000 80
| Origin Origin country | Start | Duty / Tax | Legal Legal base Measure type | |
|---|---|---|---|---|
KR | Korea, Republic of (South Korea) KR | 01/07/2022 30/06/2023 | 0.000 % | Regulation 1093/11 Preferential tariff quota 143 |
1011 | ERGA OMNES 1011 | 01/09/2022 31/08/2023 | 0.000 % | Regulation 0032/00 Non-preferential tariff quota 122 |
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 |
VN | Viet Nam VN | 01/08/2020 | 0.000 % | Decision 0753/20 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 "Yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale", it is crucial to have the correct HS code or TARIC code. The HS code 5510000000 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 "Yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale", 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 "Yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale".
- Check if any additional licenses, permits, or certificates are required to import "Yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale" 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 "Yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale" is 5510000000 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 "Yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale".
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 10 refers to Yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale.
HS Code tree structure
5500000000 80
Chapter MAN-MADE STAPLE FIBRES
5510000000 80
Yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale
5510110000 10
- Containing 85 % or more by weight of artificial staple fibres
5510110000 80
- - Single yarn
5510120000 80
- - Multiple (folded) or cabled yarn
5510200000 80
- Other yarn, mixed mainly or solely with wool or fine animal hair
5510300000 80
- Other yarn, mixed mainly or solely with cotton
5510900000 80
- Other yarn