Cotton garnetted stock falls under HS Code 52029100. This educational article will provide you with extensive information about this product, including its description, quantity unit, tariff rates, and special tariff preference programs. We will also highlight the importing and exporting US states for this particular HS code.
Cotton garnetted stock refers to a type of cotton product that has been processed and converted into a fibrous material. It is produced by shredding or tearing used cotton textiles or garments into smaller pieces. This process breaks down the cotton fibers, removing impurities and creating a new material that can be used in various applications.
The HS Code 52029100 specifically covers cotton garnetted stock. HS Codes are internationally recognized codes used to classify products for customs and trade purposes. The code 52029100 is specific to cotton garnetted stock and helps streamline international trade by providing a standardized classification system.
For HS Code 52029100, the bound or most-favored-nation (MFN) duty rate is 4.3%. The MFN duty rate is the rate applied to imports when a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners are subject to the same duty rate.
The quantity unit for HS Code 52029100 is kilograms (KG). This unit of measurement is used to quantify the weight of cotton garnetted stock being imported or exported.
Several special tariff preference programs apply to the import of cotton garnetted stock under HS Code 52029100. These programs provide specific benefits or exemptions from duty rates for eligible trading partners. The following countries and initiatives offer special tariff rates:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and these countries by reducing or eliminating duty rates for certain goods.
HS Code 52029100 is imported and exported by various US states. The following states engage in the trade of cotton garnetted stock:
These states play a significant role in the import and export of cotton garnetted stock, contributing to the overall trade volume of this HS code.
HS Code 52029100 represents cotton garnetted stock. This article provided a comprehensive overview of the product, including its description, quantity unit, tariff rates, special tariff preference programs, and the importing and exporting US states. Understanding this HS code is crucial for businesses involved in the trade of cotton garnetted stock and ensures compliance with customs regulations and trade agreements.