The HS Code 52051420 refers to a specific type of cotton yarn that is made from uncombed fibers. This yarn is composed of at least 85% cotton by weight and has a thickness of over 52 but not exceeding 80 nm. It is either bleached or mercerized, which are processes that enhance the appearance and durability of the yarn.
When it comes to trade, the HS Code plays a crucial role in classifying and identifying different products. It is an internationally recognized code that is used by customs authorities to determine the applicable tariffs and regulations for imports and exports.
The bound or Most Favored Nation (MFN) duty rate for this particular HS Code is 8.7%. 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 duty rate applies to the value of the yarn and is imposed by the importing country.
The quantity unit for this HS Code is kilograms (KG), which is the standard measurement used for trading and transporting goods.
There are also special tariff preference programs available for this HS Code. In certain countries, such as Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and the Dominican Republic-Central America, the yarn can be imported duty-free. However, in Morocco, a special rate of 0.8% applies.
When it comes to importing this yarn into the United States, there are specific states that frequently engage in trade for this HS Code. These states include Arizona, Arkansas, Georgia, Mississippi, Oklahoma, Tennessee, Texas, and North Carolina. These states have a demand for this type of cotton yarn, either for domestic consumption or for further processing and manufacturing.
the HS Code 52051420 represents a specific type of cotton yarn that is widely traded internationally. Its classification, tariff rates, and special tariff preference programs determine the cost and conditions for importing and exporting this product. Understanding the HS Code system is essential for businesses and individuals involved in international trade to ensure compliance with customs regulations and take advantage of any available tariff benefits.