If you are involved in international trade or interested in the textile industry, it's essential to understand the classification system used for products. One such classification code is the HS Code (Harmonized System Code), an internationally recognized system that categorizes goods for customs purposes. In this article, we will delve into the specifics of HS Code 52102980, which refers to bleached woven fabrics of cotton.
HS Code 52102980 covers bleached woven fabrics of cotton, not elsewhere specified or included (nesoi), with a cotton content of less than 85% by weight. These fabrics are mixed mainly or solely with man-made fibers and have a weight not exceeding 200 grams per square meter (g/m2). The fabrics included in this HS code must have a numbering system of 69 or higher.
This code is used to specifically identify and classify these types of fabrics for customs and trade purposes. It helps ensure accurate documentation, tariff determination, and trade statistics related to the import and export of these products.
The bound or most-favored-nation (MFN) duty rate for HS Code 52102980 is set at 14.7%. This rate applies whenever a country lowers a trade barrier or opens up a market. It mandates that the same goods or services from all trading partners receive the same treatment.
Bound duty rates provide predictability for importers and exporters, allowing them to plan their business operations accordingly. Importing countries apply these rates to maintain consistency and fairness in their trade relationships.
The quantity unit for HS Code 52102980 is square meters (m2). This unit of measurement is used to quantify the area of the fabric. It enables accurate calculation of the fabric's size, which is crucial for pricing, logistics, and inventory management.
Various special tariff preference programs are available for importers and exporters dealing with HS Code 52102980. These programs offer reduced or duty-free rates, promoting trade and economic cooperation between countries. The following are the special tariff preference programs applicable to this HS code:
These special tariff preference programs aim to facilitate trade, encourage economic cooperation, and promote fair treatment among participating countries.
HS Code 52102980 is applicable to various importing and exporting US states. The specific states involved in the import and export of bleached woven fabrics of cotton under this HS code may vary depending on trade dynamics and market demand. It is advisable to consult trade data or relevant trade authorities to obtain accurate information regarding the states involved in the trade of these fabrics.
Understanding HS Code 52102980 is crucial for importers, exporters, manufacturers, and industry professionals. It ensures compliance with customs regulations, facilitates accurate trade documentation, and enables effective trade planning and analysis. By familiarizing yourself with this HS code and its associated details, you can navigate the international textile trade landscape with confidence.