Cotton sewing thread is a versatile and essential material used in various industries, including apparel manufacturing, upholstery, and crafts. It is known for its strength, durability, and ability to withstand high tension. HS Code 52041100 specifically refers to cotton sewing thread that contains 85 percent or more by weight of cotton and is not put up for retail sale.
When it comes to international trade, HS codes play a crucial role in classifying goods and determining customs duties and tariffs. HS Code 52041100 helps customs authorities identify and categorize cotton sewing thread for proper import and export procedures.
The bound or most-favored-nation (MFN) duty rate for HS Code 52041100 is 4.4%. This means that every time 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 4.4% duty rate is applied to the declared value of the cotton sewing thread during importation.
The quantity unit for HS Code 52041100 is kilograms (KG). This unit of measurement is used to determine the weight of the cotton sewing thread being imported or exported.
There are also special tariff preference programs that apply to HS Code 52041100. These programs provide certain countries with preferential treatment or exemptions from customs duties. For example, Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, and Singapore offer duty-free treatment for cotton sewing thread under this HS code. However, Morocco applies a special rate of 0.4% for the same goods.
When it comes to importing cotton sewing thread under HS Code 52041100, the following US states are major destinations:
These states have a significant demand for cotton sewing thread, possibly due to their thriving textile and manufacturing industries. Exporters looking to target these US states should consider the regulations and requirements associated with HS Code 52041100.
On the other hand, if you are exporting cotton sewing thread from the US, it is essential to be aware of the states that are major sources of this product:
These states are known for their cotton production and textile manufacturing capabilities. Exporters can tap into these regions to source high-quality cotton sewing thread for their international customers.
HS Code 52041100 pertains to cotton sewing thread that contains 85 percent or more by weight of cotton and is not put up for retail sale. Understanding this HS code is crucial for importers, exporters, and customs authorities to ensure proper classification and adherence to customs duties and tariffs. Additionally, knowing the US states that are major importers and exporters of this product can help businesses target their marketing and distribution efforts effectively.