HS Code 52094200: A Comprehensive Guide to Denim Containing 85% or More Cotton
Denim has always been a popular fabric choice for its durability, comfort, and stylish appeal. It is commonly used in the manufacturing of jeans, jackets, and various other clothing items. HS Code 52094200 specifically refers to denim that contains 85% or more cotton by weight, weighing more than 200 g/m2, and is made of yarns of different colors.
The HS code system is an internationally recognized classification system for goods traded across borders. It enables countries to standardize their customs and trade procedures and facilitates the collection and analysis of trade statistics. The HS code is crucial for importers, exporters, and customs authorities as it provides a clear and consistent classification for products.
When importing denim with HS Code 52094200 into a country, it is essential to consider the applicable duty rate. The bound or most-favored-nation (MFN) duty rate for this product is 8.4%. The MFN principle states that whenever 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. This ensures fairness and non-discrimination in international trade.
The quantity unit for denim with HS Code 52094200 is square meters (M2). This unit of measurement is commonly used for fabrics and textiles, allowing for easy calculation of the required quantity for a given order.
In addition to the duty rate, it is important to be aware of any special tariff preference programs that may be applicable to denim with HS Code 52094200. Several countries offer preferential treatment for this product. Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and the Dominican Republic-Central American countries (under DR-CAFTA) all provide either duty-free treatment or reduced duty rates for importing denim with this HS code.
When it comes to importing denim with HS Code 52094200 into the United States, there are no specific restrictions on the exporting states. This means that denim can be sourced from any country as long as it meets the specified requirements and is properly declared and documented.
Denim is a versatile fabric that can be used in a wide range of clothing and textile products. Its popularity is not limited to a specific region or market, making it a sought-after material for manufacturers and retailers worldwide. Understanding the HS code and its associated regulations is crucial for smooth and compliant international trade.
HS Code 52094200 refers to denim containing 85% or more cotton by weight, weighing more than 200 g/m2, and made of yarns of different colors. This comprehensive guide has provided valuable information on the duty rate, quantity unit, special tariff preference programs, and importing/exporting considerations for this HS code. Stay informed and ensure compliance when trading in denim with HS Code 52094200 to make the most of international business opportunities.
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