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HS Code Lookup for Sub-Heading 540331 in Australia

HS Code Lookup helps classify products under appropriate HS code and find duties applicable across 140+ countries. Find and discover HS classification, tariffs, taxes, controls, rulings, ECCNs, and default and preferential duties for HS code 540331.

Sub Heading 540331

Man-made filaments; strip and the like of man-made textile materials - Artificial filament yarn (other than sewing thread), not put up for retail sale, including artificial monofilament of less than 67 decitex. - Of viscose rayon, untwisted or with a twist not exceeding 120 turns per metre

HS Code & Description

5403310021

Of viscose rayon, untwisted or with a twist not exceeding 120 turns per metre

View Tariff & Duties

Most classified products under HS 540331

High-Tenacity Polyester Yarn,
Raw White Polyester Filament Yarn,
Low-Shrinkage Polyester Yarn for Weaving,
Polyester Monofilament for Technical Textiles,
Multi-Filament Polyester Yarn for Industrial Fabrics,
Fine Denier Polyester Filament for Microfibers,
Flame Retardant Polyester Filament Yarn and
Anti-UV Polyester Yarn

Tariffs and Duties for HS 5403310021

General MFN Duty

Duty Name	Origin	Duty Rate	Duty Type	Unit of Measurement
Default Duty	All Countries	5%	Default Duty	Kilogram
	Belarus			-
	Russian Federation			-

Other Duties / Taxes

Tax Name	Tax Rate	Tax Type
Goods and Services Tax

Preferential Duty

Preferential Program	Country of Export	Duty Rate	Duty Type
	Chile
	Malaysia
	Korea (the Republic of)
	Japan
	China
	New Zealand, Samoa, Tuvalu, Kiribati, Tonga, Solomon Islands, Niue, Cook Islands, Vanuatu, Nauru
	Brunei Darussalam, Cambodia, China, Japan, Lao People's Democratic Republic, New Zealand, Singapore, Thailand, Korea (the Republic of), Malaysia, Indonesia, Vietnam, Myanmar, Philippines
	Singapore
	United States of America
	Brunei Darussalam, Canada, Japan, Mexico, New Zealand, Singapore, Vietnam, Peru, Malaysia, Chile

Controls

S.No.	Country of Import	Country of Export	Control Type	Controlling Authority	Scope of Control	Excluded Countries
1	Australia	All Countries
2	Australia	All Countries

FAQs

What is HS code 540331?

HS code 540331 includes Man-made filaments; strip and the like of man-made textile materials - Artificial filament yarn (other than sewing thread), not put up for retail sale, including artificial monofilament of less than 67 decitex. - Of viscose rayon, untwisted or with a twist not exceeding 120 turns per metre.

What category is HS code 540331?

HS code 540331 belongs to chapter 54 Man-made filaments; strip and the like of man-made textile materials category.

What is the duty for HS code 5403310021 in Australia?

The default duty for 5403310021 in Australia is 5%. Find duties for other HS codes in Australia.

Does HS code 5403310021 have free trade agreements in Australia?

Yes, HS code 5403310021 has free trade agreements in Australia such as AU-Chile Free Trade Agreement (ACL-FTA) and more.

Does HS code 5403310021 have controls in Australia?

Yes, HS code 5403310021 has controls in Australia such as Import Declaration and more.

Does HS code 5403310021 have other taxes in Australia?

Yes, HS code 5403310021 has other taxes in Australia such as Goods and Services Tax and more.

How many dutiables are there in HS code 540331 in Australia?

There are 1 dutiables in HS code 540331.

What is an HS Code and Why Does it Hold For Cross-Border Trade?

HS code is a standardized six-digit numerical classification system developed by the World Customs Organization (WCO) and acts as a universal language for simplifying the process of identifying and classifying traded products. They ensure consistent customs clearance, enable accurate duty calculation, and help identify relevant trade regulations. This simplifies the process for businesses, saving time, reducing risk, and promoting informed decision-making.

What are Controls and Why should Businesses Focus on Them?

In global trade, controls refer to a set of regulations and policies implemented by governments to manage the import and export of goods and services. These controls can take various forms, including tariffs, quotas, embargoes, export controls, and licensing requirements. Companies should prioritize understanding and adhering to them for compliance, reduced risk of legal issues, mitigating reputational damage, staying competitive, and building trust with governments.

What are Tariffs in Global Trade and Why should Businesses Focus on Them?

In global trade, tariffs are a type of tax levied by a government on imported goods. They act as a financial barrier to entry, increasing the overall cost of the imported product for domestic consumers and businesses. By understanding how tariffs work and their potential impact, companies can make informed decisions about pricing, sourcing, and market expansion, ultimately ensuring their competitiveness in the global marketplace.

What are FTAs in Global Trade and Why should Businesses Focus on Them?

In global trade, Free Trade Agreements (FTAs) are legally binding agreements between two or more countries aimed at reducing or eliminating barriers to trade between them. By understanding the terms of relevant FTAs and strategically incorporating them into their business plans, companies can enjoy reduced costs, expanded market access, and a more competitive edge in international trade.