If you are involved in international trade, it is crucial to understand the Harmonized System (HS) codes. These codes are used to classify and categorize products for customs purposes. In this article, we will discuss HS Code 52010018 in detail, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
HS Code 52010018 refers to cotton that is not carded or combed and has a staple length under 28.575 mm (1-1/8 inches). This cotton is not harsh or rough and falls under the category of "not elsewhere specified or included" (nesoi). This code provides a specific classification for this type of cotton, making it easier for customs authorities to identify and process.
The bound or Most Favored Nation (MFN) duty rate for HS Code 52010018 is 31.4 cents per kilogram (KG). The MFN duty rate is the rate that applies to all trading partners of a country. It ensures that a country does not discriminate against any specific trading partner and treats all goods or services equally. Whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 52010018 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight of goods being imported or exported. It helps in calculating shipping costs, customs duties, and other relevant charges based on the weight of the product.
HS Code 52010018 is eligible for various special tariff preference programs. These programs provide specific benefits or exemptions from customs duties for certain countries. Here are some of the special tariff preference programs applicable to this HS code:
These special tariff preference programs aim to promote trade between countries and provide economic benefits to the participating nations.
The following US states are involved in the import and export of products classified under HS Code 52010018:
These states play a significant role in facilitating the trade of cotton under HS Code 52010018, both as importers and exporters.
HS Code 52010018 provides a specific classification for cotton that is not carded or combed and has a staple length under 28.575 mm (1-1/8 inches). Understanding this code is essential for traders, importers, exporters, and customs authorities. By knowing the duty rates, quantity unit, special tariff preference programs, and the relevant US states involved, businesses can effectively navigate international trade regulations and optimize their trading activities.