HS Code 52061100 refers to a specific product category of single cotton yarn. This article will provide an extensive overview of the HS code and its related information.
The product description for HS Code 52061100 states that it is a single cotton yarn that contains less than 85 percent cotton by weight. It is made of uncombed fibers and has a diameter not exceeding 14 nm. Additionally, this yarn is not packaged or marketed for retail sale.
When it comes to trade barriers and market access, the bound or most favored nation (MFN) duty rate for HS Code 52061100 is 9.2%. This means that every time a country reduces trade barriers or opens up a market, it must do so for the same goods or services from all its trading partners.
The unit of measurement for this HS code is kilograms (KG). This is the standard metric unit used to quantify the quantity of goods being imported or exported.
There are also special tariff preference programs associated with HS Code 52061100. The following countries have free tariff rates for this product category: Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore. These countries apply a 0% duty rate for the import of single cotton yarn falling under this HS code. Morocco, on the other hand, charges a 0.9% duty rate for imports of this product.
It is important to note that the information provided in this article is subject to change and should be verified with the relevant authorities or trade organizations before making any import or export decisions.
In terms of importing, any state within the United States can receive shipments of single cotton yarn falling under HS Code 52061100. Similarly, any state within the United States can export this product category to other countries.
HS Code 52061100 plays a significant role in international trade as it enables the classification and tracking of single cotton yarn shipments. Understanding the details and implications of this HS code is crucial for both importers and exporters involved in the trade of this product category.