HS Code 52094900 refers to a specific category of woven fabrics made of cotton. These fabrics contain 85% or more cotton by weight and weigh more than 200 grams per square meter. Additionally, they are composed of yarns of different colors, making them visually appealing and versatile.
When importing goods classified under HS Code 52094900, it is important to be aware of the relevant information related to duties, quantity units, and special tariff preference programs.
The bound or Most Favored Nation (MFN) duty rate for products under HS Code 52094900 is 8.4%. 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 duty rate ensures fair and equal treatment for all trading partners.
The quantity unit for products classified under HS Code 52094900 is square meters (M2). This unit of measurement is used to determine the size and quantity of the woven fabrics being imported or exported.
There are several special tariff preference programs applicable to goods classified under HS Code 52094900. These programs offer different tariff rates or duty-free treatment based on the country of origin or destination. Below is a breakdown of the special tariff preference programs:
These special tariff preference programs provide benefits to certain countries or regions, promoting trade and economic cooperation. Importers and exporters should take advantage of these programs to reduce costs and enhance competitiveness.
HS Code 52094900 is applicable to both import and export activities involving the United States. The specific states involved in importing or exporting woven fabrics of cotton under this HS code may vary depending on market demand and trade partnerships.
It is essential for importers and exporters to be familiar with the rules, regulations, and documentation requirements of the respective US states involved in their trade transactions. This knowledge will facilitate smooth customs clearance and ensure compliance with all relevant laws and regulations.
HS Code 52094900 represents woven fabrics of cotton, nesoi, containing 85% or more cotton by weight, weighing more than 200 g/m2, of yarns of different colors. Understanding the duty rates, quantity units, and special tariff preference programs associated with this HS code is crucial for successful international trade transactions.