The HS Code 52041900 refers to cotton sewing thread that contains less than 85 percent by weight of cotton and is not put up for retail sale. This code is used to classify and categorize this specific product for international trade purposes. In this article, we will explore the details and various aspects of this HS code.
The product described under HS Code 52041900 is cotton sewing thread. It is made primarily from cotton fibers and is used for sewing purposes. However, it should be noted that this thread contains less than 85 percent by weight of cotton, as per the HS code classification. This means that the thread may contain other materials or fibers in addition to cotton.
The bound / MFN (Most Favored Nation) duty rate for HS Code 52041900 is 4.4%. The MFN duty rate is the rate that applies to a product when a country lowers a trade barrier or opens up a market. It is important to note that this duty rate applies uniformly to all trading partners of the country. This means that any country importing or exporting cotton sewing thread under this HS code would be subjected to the same 4.4% duty rate.
The quantity unit for HS Code 52041900 is kilograms (KG). This means that the weight of the cotton sewing thread is measured and recorded in kilograms for trade and customs purposes.
There are several special tariff preference programs associated with HS Code 52041900. These programs provide certain countries with preferential treatment in terms of duty rates. The specific programs and their associated rates for this HS code are as follows:
Under these special tariff preference programs, the countries mentioned are either exempted from paying duties (duty-free treatment) or pay a reduced rate of 0.4%. These programs aim to promote trade and strengthen economic relationships between the participating countries.
The following US states are involved in importing and exporting cotton sewing thread under HS Code 52041900:
These states play a significant role in the trade of cotton sewing thread and contribute to the overall import and export statistics for this HS code.
HS Code 52041900 represents cotton sewing thread that contains less than 85 percent by weight of cotton and is not put up for retail sale. It is important for businesses involved in the trade of this product to be aware of the specific details, duty rates, and special tariff preference programs associated with this HS code. Understanding the implications and requirements of this code can help facilitate smooth international trade transactions.