The HS Code 52062100 refers to a specific type of product - single cotton yarn. This yarn is made up of combed fibers and contains less than 85 percent cotton by weight. It is not put up for retail sale and has certain specifications regarding its size, not exceeding 14 nm.
When it comes to international trade, countries often impose tariffs or duties on imported goods. In the case of HS Code 52062100, the bound or most favored nation (MFN) duty rate is 9.2%. 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 helps in determining the weight and quantity of the imported single cotton yarn.
There are also special tariff preference programs in place for this HS Code. Certain countries have negotiated free or reduced-duty rates for the import of this product. The countries with free tariff rates include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore. On the other hand, Morocco has a special rate of 0.9% for this product.
When importing HS Code 52062100 into the United States, it is crucial to consider the specific rules and regulations related to the product. Similarly, exporting this product from the United States to other countries requires compliance with the respective importing country's customs procedures and requirements.
Overall, HS Code 52062100 encompasses a specific type of single cotton yarn that is not put up for retail sale. Its composition, weight percentage, and size specifications determine its classification under this HS Code. Understanding the duty rates and special tariff preference programs associated with this code is essential for successful international trade.