In international trade, the Harmonized System (HS) codes are used to classify products for customs and statistical purposes. Each product is assigned a unique HS code, which helps in identifying the type of goods being imported or exported. In this article, we will discuss HS code 52052600 and provide comprehensive information about the product it represents.
HS code 52052600 specifically refers to single cotton yarn. This yarn is made up of at least 85% cotton by weight and is composed of combed fibers. The yarn is measured at 94nm, which indicates its fineness. It is important to note that this yarn is not put up for retail sale, meaning it is primarily used for industrial or manufacturing purposes.
When importing or exporting goods, it is essential to know the applicable duty rates. For HS code 52052600, the bound or Most Favored Nation (MFN) duty rate is 12%. The MFN duty rate is the standard rate that applies to all trading partners when a country lowers a trade barrier or opens up a market. This ensures equal treatment for the same goods or services from all trading partners.
The quantity unit for HS code 52052600 is kilograms (KG). This means that the product is measured and traded in kilograms.
There are also special tariff preference programs available for HS code 52052600. These programs provide preferential treatment or reduced duty rates for certain countries. The following countries have a free tariff preference for this HS code: Australia, Bahrain, Canada (under the North American Free Trade Agreement - NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore. These countries allow duty-free treatment for imports of single cotton yarn under this HS code. Additionally, Morocco has a special rate of 1.2% for this product.
Importing and exporting of HS code 52052600 can occur between various US states. The specific states involved in the trade will depend on the companies or entities engaged in the import-export activities.
Overall, HS code 52052600 represents single cotton yarn made predominantly of combed cotton fibers. It has a specific fineness measurement and is not intended for retail sale. Importers and exporters of this product should be aware of the applicable duty rates and any special tariff preference programs available. Understanding the details of HS code 52052600 is essential for proper classification and compliance with international trade regulations.