HS 550630 Acrylic or modacrylic

The standard Most Favored Nation (MFN) duty rate for HS code 550630 is 5.00% ad valorem. However, specific preferential duty rates apply under various Free Trade Agreements (FTAs). For example, goods originating from Australia (AU), Bahrain (BH), Chile (CL), Colombia (CO), Israel (IL), Jordan (JO), South Korea (KR), Morocco (MA), Oman (OM), Peru (PE), Singapore (SG), and the United States (US) may benefit from duty-free entry (0.00%). It is crucial to consult the relevant tariff schedule for the importing country and provide proof of origin to claim preferential treatment. The UK Trade Tariff, for instance, lists a 0.00% duty for goods from various partner countries under specific conditions.

The import duty for HS code 550630 is typically calculated on an ad valorem basis, meaning it's a percentage of the declared customs value of the goods. For example, if the MFN duty rate is 5.00% and you import 1,000 kilograms of acrylic staple fibers with a declared customs value of $2,000 USD, the duty calculation would be: 5.00% of $2,000 USD = $100 USD. This amount would be payable to customs authorities. If a specific duty or a compound duty (combination of ad valorem and specific) applies, the calculation would differ accordingly. Always verify the exact duty calculation method with the importing country's customs authority.

HS code 550630 specifically covers 'Acrylic or modacrylic staple fibres, not carded or combed'. The key criteria for classification under this code are: 1. Material Composition: The fibers must be predominantly composed of acrylic polymers (polyacrylonitrile) or modacrylic polymers (copolymers where the polymer contains at least 35% acrylonitrile units, but less than 85%). 2. Form: The fibers must be in 'staple fiber' form, meaning they are cut to a specific length, typically ranging from a few centimeters to several decimeters. 3. Condition: The fibers must not be carded or combed. Carding and combing are processes that align and further refine staple fibers, preparing them for spinning. If the fibers have undergone these processes, they would be classified under a different HS code (e.g., 5507.00 for carded or combed staple fibers).

To import goods classified under HS code 550630, standard customs documentation is generally required. This includes a commercial invoice detailing the value, quantity, and description of the goods; a packing list specifying the contents of each package; and a bill of lading or air waybill for transportation. If claiming preferential duty rates under an FTA, a Certificate of Origin or a declaration of origin compliant with the specific trade agreement is mandatory. Depending on the importing country and the nature of the goods, additional certifications related to safety, quality, or environmental standards might be necessary. Importers and customs brokers should consult the specific import regulations of the destination country.

Several major trade agreements provide preferential duty rates, often resulting in duty-free entry (0.00%) for goods under HS code 550630. Examples include agreements like the USMCA (United States-Mexico-Canada Agreement), CAFTA-DR (Dominican Republic-Central America Free Trade Agreement), and various bilateral agreements such as those between the EU and its partner countries, or the UK and its trade partners. To benefit from these preferential rates, the acrylic or modacrylic staple fibers must meet the 'rules of origin' stipulated in the specific trade agreement. This usually means the goods must be considered originating from the partner country, often demonstrated by a certain percentage of local content or specific manufacturing processes performed within the originating country. A valid Certificate of Origin is typically required as proof.