Plain weave fabrics of cotton, classified under HS Code 52084240, refer to fabrics made of 85% or more cotton by weight. These fabrics have a weight range of over 100 but not exceeding 200 grams per square meter (g/m2). The fabrics are woven using yarns of different colors, adding aesthetic appeal to the final product.
When importing goods classified under HS Code 52084240, it is essential to understand the duty rates that apply. The bound or Most Favored Nation (MFN) duty rate for these fabrics is 11.4%. This means that every time 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.
The quantity unit for HS Code 52084240 is measured in square meters (M2). This unit helps determine the quantity of fabric being imported or exported.
Various special tariff preference programs are available for products classified under HS Code 52084240. These programs provide preferential treatment in terms of reduced or duty-free rates for specific countries. The following are the special tariff preference programs and their corresponding rates:
These special tariff preference programs allow for lower duty rates or duty-free treatment for eligible countries, promoting international trade and economic cooperation.
When importing fabrics classified under HS Code 52084240, it is also important to consider the specific importing and exporting US states involved. The article does not provide information on the specific importing and exporting US states for this HS code.
HS Code 52084240 refers to plain weave fabrics of cotton with specific weight ranges and yarn color combinations. Understanding the duty rates and special tariff preference programs associated with this HS code is crucial for importers and exporters. By leveraging these programs, businesses can benefit from reduced duty rates or duty-free treatment, thereby enhancing their competitiveness in the global market.