HS Code 63052000 refers to sacks and bags made of cotton that are specifically used for packing goods. This code is used to classify and identify these particular products in international trade. Understanding the details and specifications of this HS code is essential for importers, exporters, and customs officials to ensure smooth and accurate trade transactions.
The product description under HS Code 63052000 clearly states that it includes sacks and bags made of cotton. These sacks and bags are designed and used specifically for the purpose of packing goods. Cotton is a common material used in the manufacturing of these packaging products due to its durability, strength, and breathability.
The bound / MFN duty rate for products falling under HS Code 63052000 is set at 6.2%. This rate signifies 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 duty rate ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for products classified under HS Code 63052000 is kilograms (KG). This unit of measurement is used to determine the weight of the sacks and bags made of cotton. It helps in accurately assessing the quantity and value of the goods being traded and aids in logistics and shipping calculations.
Several special tariff preference programs are applicable to products classified under HS Code 63052000. These programs provide certain countries with preferential treatment in terms of reduced or duty-free rates. The following countries and programs are applicable:
These special tariff preference programs aim to promote trade and foster economic relationships between the countries involved. Importers and exporters should take advantage of these programs to reduce costs and enhance competitiveness in the market.
HS Code 63052000 is used in international trade involving the United States. This code helps in identifying and categorizing the sacks and bags made of cotton being imported or exported to and from various US states. The specific importing and exporting US states for products falling under this HS code may vary depending on the trade activities and demand.
Understanding and utilizing HS Code 63052000 is crucial for importers, exporters, and customs officials to ensure accurate classification, proper trade documentation, and compliance with international trade regulations. It enables smooth and efficient trade transactions while providing transparency and uniformity in trade statistics and analysis.