The HS Code 52063300 refers to multiple or cabled cotton yarn that contains less than 85% cotton by weight and is made from uncombed fibers. This type of yarn has a single yarn size of over 43 but not exceeding 52 nm and is not put up for retail sale.
When importing or exporting this product, it is important to understand the associated tariff rates and special preference programs. The bound or most-favored-nation (MFN) duty rate for HS Code 52063300 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 HS Code 52063300 is kilograms (KG). This measurement is commonly used in international trade to determine the weight of goods being imported or exported.
There are several special tariff preference programs applicable to this HS Code. The following countries offer duty-free treatment for multiple or cabled cotton yarn under HS Code 52063300: Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, and Singapore. These countries have established preferential trade agreements that provide benefits for certain goods, including reduced or zero-duty rates.
Additionally, Morocco offers a special rate of 0.9% for imports of multiple or cabled cotton yarn under HS Code 52063300. This means that importers from Morocco will be subject to a lower duty rate compared to the standard MFN rate.
When importing HS Code 52063300 into the United States, it is important to consider the specific states involved in the trade. The exporting US state should be identified, as well as the importing US state. This information is necessary for customs documentation and ensures compliance with state-specific regulations.
HS Code 52063300 covers multiple or cabled cotton yarn that meets specific criteria regarding cotton content, fiber type, and yarn size. Importers and exporters dealing with this product should be aware of the associated tariff rates, quantity unit, and special preference programs available. Understanding the nuances of HS Code 52063300 is crucial for successful international trade in cotton yarn.