The HS Code 52061500 refers to single cotton yarn that is composed of less than 85 percent cotton by weight. This yarn is made from uncombed fibers and has a thickness of over 80 nm. It is important to note that this product is not put up for retail sale, meaning it is primarily used for industrial purposes.
When it comes to international trade, countries have to abide by certain regulations and tariffs. The bound or most-favored-nation (MFN) duty rate for HS Code 52061500 is 9.2%. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment.
The quantity unit for this product is kilograms (KG). This means that the weight of the single cotton yarn is measured in kilograms for import and export purposes.
There are also special tariff preference programs in place for HS Code 52061500. These programs provide certain countries with preferential treatment when it comes to the importation of this product. The countries that enjoy free tariff rates for this HS code include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and the Dominican Republic (under DR-CAFTA). However, Morocco enjoys a special rate of 0.9% for importing this product.
It is also important to note that the importing and exporting of HS Code 52061500 is not limited to specific states within the United States. This product can be imported and exported to and from any state within the country.
In summary, HS Code 52061500 refers to single cotton yarn made from uncombed fibers with a composition of less than 85 percent cotton by weight. It has a thickness of over 80 nm and is not intended for retail sale. Countries that lower trade barriers or open up their markets must do so for all trading partners and ensure equal treatment. The quantity unit for this product is kilograms (KG), and there are special tariff preferences available for certain countries. Importing and exporting of this product is not limited to specific states within the United States.