Dyed plain weave fabrics of cotton, classified under HS Code 52083230, refer to fabrics made of cotton with a minimum content of 85% by weight. These fabrics are plain woven and are dyed in various colors. They have a weight ranging from over 100 grams per square meter (g/m2) to not more than 200 g/m2. The fabrics are classified under number 42 or lower, which indicates the thread count per inch.
When it comes to international trade, the Harmonized System (HS) Code is used as a standard classification for goods. HS Code 52083230 specifically identifies this type of cotton fabric, making it easier for customs and trade authorities to regulate and monitor its import and export.
Bound / Most Favored Nation (MFN) duty rates are applicable to goods under this HS Code. The MFN principle states that when a country reduces trade barriers or opens up its market, it must do so for all its trading partners equally. For fabrics classified under HS Code 52083230, the duty rate is 7%.
The quantity unit for these fabrics is measured in square meters (M2). This standard unit helps in providing accurate measurements and calculations for trade purposes.
Several special tariff preference programs are available for the import of fabrics classified under HS Code 52083230. The following countries provide preferential treatment:
Australia (AU) provides a special tariff rate of 3% for these fabrics, while Morocco (MA) provides a rate of 0.7%.
In terms of importing and exporting these fabrics, the United States is the primary market. However, it is important to note that the specific states within the US that engage in the import and export of fabrics classified under HS Code 52083230 may vary. Similarly, the exporting states may also differ depending on the trade patterns and preferences of the countries involved.
HS Code 52083230 identifies dyed plain weave fabrics of cotton with specific characteristics such as composition, weight, and thread count. It is important for traders, importers, and exporters to understand the HS Code system and the applicable duty rates. The availability of special tariff preference programs offers opportunities for cost savings and trade benefits. By adhering to these regulations and taking advantage of the preferential treatment, businesses can navigate the international trade landscape more efficiently.