When it comes to international trade, it is essential to have a standardized system for classifying products. The Harmonized System (HS) code is a globally recognized classification system that allows countries to classify goods for customs purposes. In this article, we will explore HS Code 52082160, which pertains to woven cotton fabric.
Product Description:
This HS code specifically refers to woven cotton fabric that is primarily made of cotton, with at least 85% cotton content by weight. The fabric is woven in a plain weave pattern and has a weight not exceeding 100 grams per square meter. It is bleached and falls under the category of fabric with a number code of 69 or higher.
Bound / MFN Duty Rate:
Every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. For HS Code 52082160, the bound / MFN duty rate is 11.5%. This means that when importing or exporting this woven cotton fabric, a duty rate of 11.5% will be applied.
Quantity Unit:
The quantity unit for HS Code 52082160 is square meters (M2). This unit is commonly used to measure the area of fabric, allowing for precise calculations and trade transactions.
Special Tariff Preference Programs:
Various countries have established special tariff preference programs to promote trade and economic cooperation. For HS Code 52082160, the following special tariff preference programs apply:
These special tariff preference programs allow for reduced or duty-free treatment when importing or exporting woven cotton fabric under HS Code 52082160. It is important to note that the specific requirements and eligibility criteria may vary for each program.
Importing US States:
When importing woven cotton fabric under HS Code 52082160, it is crucial to consider the regulations and requirements of the specific US states involved. Each state may have its own rules and procedures for customs clearance and import documentation.
Exporting US States:
Similarly, when exporting woven cotton fabric under HS Code 52082160 from the United States, it is essential to comply with the regulations and requirements of the specific US states involved. Understanding the export procedures and documentation is crucial to ensure a smooth and compliant trade transaction.
HS Code 52082160 is a classification for woven cotton fabric with specific characteristics such as cotton content, weave, weight, and bleaching. The bound / MFN duty rate for this HS code is 11.5%. Special tariff preference programs offer reduced or duty-free treatment for importing or exporting this fabric. Importing and exporting US states have their own regulations and requirements to consider. By understanding and adhering to these details, businesses can effectively engage in international trade involving woven cotton fabric.