Cotton yarn is a widely used material in the textile industry. It is versatile and can be used for various applications such as weaving, knitting, and manufacturing fabrics. The HS Code 52079000 specifically refers to cotton yarn that contains less than 85 percent cotton by weight and is put up for retail sale. This article will provide an overview of the HS Code 52079000, its product description, duty rates, quantity units, special tariff preference programs, and the importing and exporting US states.
The HS Code 52079000 encompasses cotton yarn, excluding sewing thread, that contains less than 85 percent cotton by weight. This means that the yarn can have a blend of other fibers, such as synthetic fibers or other natural fibers, as long as the cotton content is not more than 85 percent. The yarn is further specified to be put up for retail sale, indicating that it is packaged and labeled for individual consumers.
The bound or most-favored-nation (MFN) duty rate for HS Code 52079000 is 5%. 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 means that the duty rate of 5% applies consistently to all countries importing cotton yarn with less than 85% cotton content.
The quantity unit for HS Code 52079000 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight of goods being imported or exported. It allows for standardized calculations and comparisons across different shipments.
Several countries have special tariff preference programs that offer preferential duty rates for imports of cotton yarn with less than 85% cotton content under HS Code 52079000. The following countries have special rates:
These special tariff preference programs aim to promote trade and strengthen economic relations between the countries involved. Importers and exporters can take advantage of these programs to reduce the cost of importing or exporting cotton yarn.
HS Code 52079000 applies to both importing and exporting activities in the United States. Cotton yarn with less than 85% cotton content can be imported into any US state and exported from any US state. The HS Code serves as a standardized classification for customs purposes, ensuring consistency and accuracy in trade statistics.
HS Code 52079000 covers cotton yarn with less than 85% cotton content that is put up for retail sale. The duty rate for this code is 5% under the MFN principle. The quantity unit is kilograms, and several countries offer special tariff preference programs with either duty-free treatment or reduced rates. This information is essential for importers, exporters, and industry professionals involved in the trade of cotton yarn.