HS Code 52064500: Multiple or Cabled Cotton Yarn
Multiple or cabled cotton yarn, with a composition of less than 85% cotton by weight, of combed fibers, and over 80 nm per single yarn, is classified under HS Code 52064500. This code is used to identify and classify this specific type of cotton yarn in international trade.
The HS Code system is an internationally recognized standard for classifying goods in international trade. It is used by customs authorities around the world to determine the appropriate duties, taxes, and regulations for imported and exported goods. The HS Code system helps ensure consistency and transparency in global trade by providing a common language for classifying products.
The product description for HS Code 52064500 specifies that the cotton yarn must be composed of combed fibers and have a yarn size of over 80 nm per single yarn. Additionally, the yarn should not be put up for retail sale, indicating that it is intended for further processing or manufacturing.
The bound or Most Favored Nation (MFN) duty rate for HS Code 52064500 is 9.2%. The MFN principle states 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. This ensures equal treatment and non-discrimination among trading partners.
The quantity unit for HS Code 52064500 is kilograms (KG). This means that the quantity of cotton yarn imported or exported under this code is measured in kilograms.
There are also special tariff preference programs available for this product under HS Code 52064500. These programs provide reduced or eliminated duty rates for specific countries. The countries included in the special tariff preference programs for this HS Code are Australia (AU), Bahrain (BH), Canada (CA) under NAFTA, Chile (CL), Israel (IL), Jordan (JO), Morocco (MA), Mexico (MX) under NAFTA, Oman (OM), Peru (P), Singapore (SG), and the Dominican Republic-Central American countries under DR-CAFTA.
When importing or exporting cotton yarn under HS Code 52064500, it is important to consider the specific requirements and regulations of the importing and exporting US states. Compliance with these regulations ensures smooth customs clearance and avoids any potential penalties or delays.
HS Code 52064500 is used to classify multiple or cabled cotton yarn with specific characteristics. Understanding the HS Code system and the details of this specific code can help importers, exporters, and customs authorities accurately classify and regulate the trade of this product.
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