HS Code 52085940: Printed Woven Fabrics of Cotton
Printed woven fabrics of cotton are a versatile and popular choice in the textile industry. These fabrics are classified under HS Code 52085940, which specifically refers to printed woven fabrics of cotton that contain 85% or more cotton by weight. Additionally, these fabrics must weigh not more than 200 g/m2 and have a number 42 or lower.
The HS Code system is an internationally recognized standard for classifying traded goods. It helps facilitate international trade by providing a common language for customs authorities and traders to identify products. HS codes are used by governments, businesses, and organizations worldwide to classify and track imports and exports.
The specific details of HS Code 52085940 provide important information about the product. The term "nesoi" stands for "not elsewhere specified or included," indicating that this HS code covers printed woven fabrics of cotton that do not fall under any other specific classification.
The quantity unit for this HS code is square meters (M2). This means that the fabric is measured and traded based on the area it covers. The square meter is a standard unit of measurement used in the textile industry to determine the quantity of fabric needed or produced.
When it comes to the duty rate for importing products classified under HS Code 52085940, a bound / MFN (Most Favored Nation) duty rate of 6% applies. 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 6% duty rate applies regardless of the origin of the fabric.
However, there are special tariff preference programs that offer reduced or duty-free rates for imports of printed woven fabrics of cotton under HS Code 52085940. These programs are designed to promote trade and economic cooperation between countries. The following countries and regions provide special rates for this HS code:
1. Bahrain (BH)
2. Canada (CA) under NAFTA (North American Free Trade Agreement)
3. Chile (CL)
4. Israel (IL)
5. Jordan (JO)
6. Mexico (MX) under NAFTA
7. Oman (OM)
8. Panama (P) under the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA)
9. Peru (PE)
10. Singapore (SG)
For imports from Australia (AU), a special rate of 3% applies under the specific tariff preference program. Similarly, imports from Morocco (MA) enjoy a reduced rate of 0.6%.
It's important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost of trading printed woven fabrics of cotton. Taking advantage of these programs can lead to cost savings and increased competitiveness in the market.
In terms of the importing and exporting US states, the data for this specific HS code is not provided. However, it is essential for traders to consider the specific requirements and regulations of the states involved in their trade transactions. Each state may have its own rules and procedures for importing and exporting goods.
HS Code 52085940 refers to printed woven fabrics of cotton containing 85% or more cotton by weight, weighing not more than 200 g/m2, and having a number 42 or lower. This HS code is used to classify and track these specific fabrics in international trade. While the bound / MFN duty rate for this HS code is 6%, there are special tariff preference programs that offer reduced or duty-free rates for certain countries and regions. Importers and exporters should be familiar with these programs to optimize their trade activities.
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