HS Code 52063400: Multiple or Cabled Cotton Yarn
Multiple or cabled cotton yarn, < 85% cotton by weight, of uncombed fibers, over 52 but n/o 80 nm/single yarn, not put up for retail sale, falls under the HS Code 52063400. This article will provide an in-depth understanding of this HS code and its relevant information.
The HS code system is an internationally recognized standard for classifying products in international trade. It enables smooth communication between countries, ensuring that goods are categorized uniformly. HS Code 52063400 specifically refers to multiple or cabled cotton yarn that meets specific criteria.
The product description states that the cotton yarn must contain less than 85% cotton by weight and should consist of uncombed fibers. Additionally, the yarn should have a thickness of over 52 but not more than 80 nm for single yarn. It is important to note that this cotton yarn is not intended for retail sale.
In terms of duty rates, the bound or Most Favored Nation (MFN) duty rate for HS Code 52063400 is 9.2%. The MFN principle states that whenever 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. This ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for this HS code is kilograms (KG). This means that the weight of the cotton yarn imported or exported will be measured in kilograms.
There are also special tariff preference programs that apply to HS Code 52063400. These programs offer preferential duty rates or duty-free treatment for certain countries. Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and Morocco are some of the countries that benefit from these special tariff preference programs. The specific rates may vary, with most countries enjoying duty-free treatment and Morocco having a special rate of 0.9%.
When importing goods under HS Code 52063400 to the United States, it is important to consider the exporting US states. The specific states involved in the export process will determine the regulations and procedures to be followed. Similarly, when exporting from the United States, the importing US states will play a crucial role in determining the requirements and restrictions.
HS Code 52063400 refers to multiple or cabled cotton yarn meeting specific criteria such as cotton content, yarn thickness, and packaging. Understanding this HS code is important for importers, exporters, and customs authorities to ensure smooth and compliant international trade. The special tariff preference programs and specific duty rates associated with this HS code provide additional benefits to certain countries, promoting trade facilitation and economic growth.
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