HS Code Lookup for Sub-Heading 551012 in Grenada

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 551012.

Sub Heading 551012

Man-made staple fibres - Yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale. - Multiple (folded) or cabled yarn

HS Code & Description

55101200

- Multiple (folded) or cabled yarn

View Tariff & Duties

Most classified products under HS 551012

High-Grade Polyester Suiting Fabric,
Artificial Staple Fiber Shirting Material,
Synthetic Staple Fiber Blend Dress Fabric,
Staple Viscose Blend Woven Textile,
Mixed Artificial Fiber Curtain Material,
Upholstery Fabric with Artificial Fibers,
Artificial Staple Fiber Drilling Cloth,
Woven Acetate Apparel Fabric,
Rayon-Polyester Staple Fabric Blend and
Artificial Fibers Broad-Woven Fabrics

Tariffs and Duties for HS 55101200

General MFN Duty

Duty Name	Origin	Duty Rate	Duty Type	Unit of Measurement
Default Duty	All Countries	0.05%	Default Duty	Kilograms

FAQs

What is HS code 551012?

HS code 551012 includes Man-made staple fibres - Yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale. - Multiple (folded) or cabled yarn.

What category is HS code 551012?

HS code 551012 belongs to chapter 55 Man-made staple fibres category.

What is the duty for HS code 55101200 in Grenada?

The default duty for 55101200 in Grenada is 0.05%. Find duties for other HS codes in Grenada.

How many dutiables are there in HS code 551012 in Grenada?

There are 1 dutiables in HS code 551012.

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.