When it comes to international trade, various codes and classifications are used to categorize different products. One such code is the HS code, which stands for Harmonized System code. The HS code 52121460 refers to other woven fabrics of cotton, not elsewhere specified or included, weighing not more than 200 g/m2, and made of yarns of different colors.
This code provides important information about the product, including its composition, weight, and manufacturing process. Understanding the HS code is crucial for importers, exporters, and customs authorities as it helps in the proper classification and identification of goods.
The product description for HS code 52121460 specifies that it includes woven fabrics of cotton that are not classified under any other specific category. These fabrics are lightweight, weighing not more than 200 grams per square meter. Additionally, they are made of yarns of different colors, adding aesthetic appeal to the fabric.
Importing and exporting goods under HS code 52121460 may be subject to different duty rates and tariff preferences. The bound or Most Favored Nation (MFN) duty rate for this HS code is 7.8%. The MFN duty rate implies that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This principle ensures fair trade practices and equal treatment for all nations.
The quantity unit for HS code 52121460 is square meters (M2), indicating that the fabric is measured and traded based on its area. This unit helps in determining the quantity and pricing of the fabric accurately.
Various special tariff preference programs are applicable to the import of goods under HS code 52121460. These programs offer reduced or duty-free rates for specific countries. The following countries enjoy special tariff rates for this HS code:
In addition, Australia (AU) enjoys a special tariff rate of 3%, while Morocco (MA) has a rate of 0.7% for HS code 52121460.
The importing and exporting US states for goods classified under HS code 52121460 may vary depending on the trade arrangements and preferences between countries. It is essential for traders and businesses to be aware of these states to facilitate smooth trade operations.
HS code 52121460 represents other woven fabrics of cotton, weighing not more than 200 g/m2, and made of yarns of different colors. This code is essential for proper classification, identification, and trade of these fabrics. The duty rates, tariff preferences, and quantity unit associated with this HS code provide valuable information for importers, exporters, and customs authorities.