The HS Code 52054800 refers to multiple or cabled cotton yarn that contains 85% or more cotton by weight. This yarn is made from combed fibers and has a thickness of more than 120nm per single yarn. It is important to note that this product is not put up for retail sale.
When importing or exporting this product, it is essential to understand the associated duty rates and tariff preference programs. The bound or most-favored-nation (MFN) duty rate for HS Code 52054800 is 12%. 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 quantity unit for this product is kilograms (KG). This is the standard unit used to measure the weight of cotton yarn in international trade.
There are also special tariff preference programs in place for HS Code 52054800. The following countries offer duty-free treatment for this product: Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore. Additionally, Morocco offers a special rate of 1.2% for this product.
When importing this product into the United States, it is important to consider the specific states involved in the trade. The exporting US states and the importing US states play a crucial role in determining the logistics and regulations associated with the importation process. It is advisable to consult the relevant authorities and trade organizations to ensure compliance with all necessary requirements.
HS Code 52054800 represents multiple or cabled cotton yarn that contains a high percentage of cotton and is not intended for retail sale. Understanding the duty rates, special tariff preference programs, and the involvement of specific US states is crucial for successful importation or exportation of this product.