Exclusive webinar

The Traceability Gap: Managing Risk Across Suppliers Beyond Tier 1

HS Code Lookup for Sub-Heading 520623 in Philippines

HS Code Lookup helps classify products under appropriate HS code and find duties applicable across 140+ countries. Find and discover HS classification, tariffs, taxes, controls, rulings, ECCNs, and default and preferential duties for HS code 520623.

Sub Heading 520623

Cotton - Cotton yarn (other than sewing thread), containing less than 85 % by weight of cotton, not put up for retail sale. - Measuring less than 232.56 decitex but not less than 192.31 decitex (exceeding 43 metric number but not exceeding 52 metric number)

HS Code & Description

52062300

- Measuring less than 232.56 decitex but not less than 192.31 decitex (exceeding 43 metric number but not exceeding 52 metric number)

View Tariff & Duties

Most classified products under HS 520623

Industrial Cotton Yarn - Single, Uncombed,
Cotton Weaving Yarn - Less Than 125 Decitex,
Pure Cotton Knitting Yarn - Single Strand,
Fine Cotton Thread - Non-retail, Uncombed Fibers,
Cotton Warp Yarn - High Metric Number,
Single-Ply Combed Cotton Cord and
ELS

Tariffs and Duties for HS 52062300

General MFN Duty

Duty Name	Origin	Duty Rate	Duty Type	Unit of Measurement
Default Duty	All Countries	7%	Default Duty	-

VAT / GST Taxes

Tax Type	Tax Rate	Duty Type
VAT Rates

Preferential Duty

Preferential Program	Country of Export	Duty Rate	Duty Type
	Brunei Darussalam, China, Indonesia, Cambodia, Lao People's Democratic Republic, Myanmar, Malaysia, Singapore, Thailand, Vietnam
	Brunei Darussalam, Indonesia, Cambodia, Korea (the Republic of), Lao People's Democratic Republic, Myanmar, Malaysia, Singapore, Thailand, Vietnam
	Brunei Darussalam, Indonesia, India, Cambodia, Lao People's Democratic Republic, Myanmar, Malaysia, Singapore, Thailand, Vietnam
	Brunei Darussalam, Indonesia, Japan, Cambodia, Lao People's Democratic Republic, Myanmar, Malaysia, Singapore, Thailand, Vietnam
	Switzerland, Liechtenstein
	Iceland
	Australia, Brunei Darussalam, China, Indonesia, Japan, Cambodia, Korea (the Republic of), Lao People's Democratic Republic, Myanmar, Malaysia, New Zealand
	Australia, Brunei Darussalam, Indonesia, Cambodia, Lao People's Democratic Republic, Myanmar, Malaysia, New Zealand, Singapore, Thailand, Vietnam
	Brunei Darussalam, Hong Kong, Indonesia, Cambodia, Lao People's Democratic Republic, Myanmar, Malaysia, Singapore, Thailand, Vietnam
	Brunei Darussalam, Indonesia, Cambodia, Lao People's Democratic Republic, Myanmar, Malaysia, Singapore, Thailand, Vietnam

FAQs

What is HS code 520623?

HS code 520623 includes Cotton - Cotton yarn (other than sewing thread), containing less than 85 % by weight of cotton, not put up for retail sale. - Measuring less than 232.56 decitex but not less than 192.31 decitex (exceeding 43 metric number but not exceeding 52 metric number).

What category is HS code 520623?

HS code 520623 belongs to chapter 52 Cotton category.

What is the duty for HS code 52062300 in Philippines?

The default duty for 52062300 in Philippines is 7%. Find duties for other HS codes in Philippines.

Does HS code 52062300 have free trade agreements in Philippines?

Yes, HS code 52062300 has free trade agreements in Philippines such as ASEAN-China Free Trade Area (ACFTA) and more.

How many dutiables are there in HS code 520623 in Philippines?

There are 1 dutiables in HS code 520623.

What is an HS Code and Why Does it Hold For Cross-Border Trade?

HS code is a standardized six-digit numerical classification system developed by the World Customs Organization (WCO) and acts as a universal language for simplifying the process of identifying and classifying traded products. They ensure consistent customs clearance, enable accurate duty calculation, and help identify relevant trade regulations. This simplifies the process for businesses, saving time, reducing risk, and promoting informed decision-making.

What are Controls and Why should Businesses Focus on Them?

In global trade, controls refer to a set of regulations and policies implemented by governments to manage the import and export of goods and services. These controls can take various forms, including tariffs, quotas, embargoes, export controls, and licensing requirements. Companies should prioritize understanding and adhering to them for compliance, reduced risk of legal issues, mitigating reputational damage, staying competitive, and building trust with governments.

What are Tariffs in Global Trade and Why should Businesses Focus on Them?

In global trade, tariffs are a type of tax levied by a government on imported goods. They act as a financial barrier to entry, increasing the overall cost of the imported product for domestic consumers and businesses. By understanding how tariffs work and their potential impact, companies can make informed decisions about pricing, sourcing, and market expansion, ultimately ensuring their competitiveness in the global marketplace.

What are FTAs in Global Trade and Why should Businesses Focus on Them?

In global trade, Free Trade Agreements (FTAs) are legally binding agreements between two or more countries aimed at reducing or eliminating barriers to trade between them. By understanding the terms of relevant FTAs and strategically incorporating them into their business plans, companies can enjoy reduced costs, expanded market access, and a more competitive edge in international trade.