When it comes to international trade, it is essential to have a standardized system in place to classify products. This is where the Harmonized System (HS) codes come into play. Each product is assigned a unique HS code, which helps in identifying and categorizing goods for trade purposes. In this article, we will be discussing HS code 52083920, which represents dyed satin or twill weave fabrics of cotton.
The product description for HS code 52083920 is as follows: dyed satin or twill weave fabrics of cotton, containing 85% or more cotton by weight, weighing not more than 200 g/m2, nesoi. This means that the fabric in question is made of cotton and has undergone a dyeing process. It can be either a satin weave or a twill weave, both of which are popular choices for creating a smooth and lustrous fabric. The fabric should contain at least 85% cotton by weight and should not weigh more than 200 grams per square meter.
Now, let's take a closer look at the duty rates associated with HS code 52083920. The bound or most-favored-nation (MFN) duty rate for this product is 8.8%. This means that whenever a country lowers a trade barrier or opens up a market, it has to apply the same duty rate of 8.8% for dyed satin or twill weave fabrics of cotton from all its trading partners.
The quantity unit for HS code 52083920 is square meters (m2). This is the standard unit used to measure the area of fabric. It provides a common measurement for trading purposes, ensuring consistency in quantity calculations.
Furthermore, there are several special tariff preference programs associated with HS code 52083920. These programs offer reduced or duty-free rates for importing countries based on their trade agreements. Let's take a look at some of these programs:
It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly affect the cost of trading dyed satin or twill weave fabrics of cotton.
Finally, let's briefly discuss the importing and exporting US states for HS code 52083920. While the specific states may vary depending on trade data, it is essential to note that the United States is a significant player in the global textile market. Some of the top importing states for dyed satin or twill weave fabrics of cotton include California, New York, Texas, and Florida. On the exporting side, states like North Carolina, South Carolina, Georgia, and Texas are known for their textile production and export capabilities.
HS code 52083920 represents dyed satin or twill weave fabrics of cotton. This code helps in classifying and categorizing the product for international trade purposes. Importers and exporters should be aware of the duty rates, quantity unit, special tariff preference programs, and the importing/exporting US states associated with this HS code. Having a comprehensive understanding of these factors will facilitate smooth and cost-effective trade transactions for dyed satin or twill weave fabrics of cotton.