Dyed plain weave fabrics of cotton, < 85% cotton by wt, mixed mainly/solely with man-made fibers, not over 200 g/m2, of number 42 or lower
When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in classifying products. Each HS Code represents a specific product, enabling countries to easily identify and track goods as they cross borders. In this article, we will explore HS Code 52103140 and discuss its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
HS Code 52103140 refers to dyed plain weave fabrics of cotton, with less than 85% cotton by weight. These fabrics are primarily or solely mixed with man-made fibers and have a weight not exceeding 200 grams per square meter. Additionally, the fabrics fall under number 42 or lower, which further categorizes them within the HS Code system.
This product description provides important details about the composition, weight, and type of fabrics included under HS Code 52103140. It ensures clarity and consistency during international trade transactions, allowing both importers and exporters to accurately classify and understand the product being traded.
The bound or most-favored-nation (MFN) duty rate for HS Code 52103140 is 10%. 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 10% duty rate applies to the importation of fabrics falling under this HS Code, ensuring a standard rate for all countries involved in trade.
The bound / MFN duty rate promotes fairness and non-discrimination in international trade. It prevents countries from imposing higher tariffs on specific goods or giving preferential treatment to certain trading partners, maintaining a level playing field for all participants.
The quantity unit for HS Code 52103140 is square meters (m²). This unit of measurement is used to determine the area of the fabric being traded. By specifying the quantity in square meters, importers and exporters can accurately calculate the amount of fabric involved in a transaction, facilitating efficient trade processes and inventory management.
HS Code 52103140 is eligible for various special tariff preference programs. These programs provide reduced or duty-free rates for specific countries or regions, promoting trade and economic cooperation. The following are the special tariff preference programs applicable to this HS Code:
These special tariff preference programs offer significant benefits to both importers and exporters. By availing these programs, importers can save on duty costs, while exporters can access larger markets with reduced tariff barriers. It is essential for businesses to be aware of these programs and take advantage of them to enhance their competitiveness in international trade.
HS Code 52103140 is imported and exported by various US states. The specific states involved in the trade of fabrics falling under this HS Code may vary depending on market demand and supply chains. It is important for businesses to stay informed about the importing and exporting states to identify potential trade opportunities and partnerships.
Overall, HS Code 52103140 represents dyed plain weave fabrics of cotton, mixed with man-made fibers, and falling within specific weight and classification parameters. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states associated with this HS Code is crucial for businesses engaged in international trade. By adhering to these regulations and leveraging the available benefits, businesses can optimize their trade operations and expand their market reach.