The HS Code 52081140 refers to a specific type of woven cotton fabric. It is composed of at least 85% cotton by weight and is made using a plain weave. The weight of the fabric should not exceed 100 g/m2. Additionally, the fabric is unbleached and falls within the numbers 43-68 category.
When importing this fabric, it is important to be aware of the bound or most-favored-nation (MFN) duty rate, which is set at 9%. The MFN duty rate implies that whenever a country reduces 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 fabric is measured in square meters (M2). This unit is used to calculate the amount of fabric being imported or exported.
There are also special tariff preference programs in place for this particular HS Code. These programs offer different duty rates depending on the country of origin. Some countries, such as Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Panama, Peru, and Singapore, enjoy duty-free treatment when importing this fabric. Australia, on the other hand, receives a special rate of 3% duty. Morocco benefits from a special rate of 0.9% duty.
It is worth noting that the United States has different regulations and tariffs for importing this fabric based on the state of origin and destination. The exporting US states may also have their own regulations and requirements for exporting this fabric.
HS Code 52081140 represents a specific type of woven cotton fabric that meets certain criteria such as composition, weave, weight, and color. Importers and exporters should be aware of the MFN duty rate, quantity unit, and any special tariff preference programs that may apply to this HS Code. It is important to stay informed about the regulations and requirements of both the importing and exporting countries to ensure a smooth and compliant trade process.