HTS tariff line · chapter 60
6002.40.40
Containing by weight 5 percent or more of elastomeric yarn but not containing rubber thread: of cotton (222)
Analysis
HTS 6002.40.40 covers containing by weight 5 percent or more of elastomeric yarn but not containing rubber thread: of cotton (222) under heading 6002 (knitted or crocheted fabrics of a width not exceeding 30 cm, containing by weight 5…).
Goods that qualify under the Australia FTA, the Bahrain FTA, the Chile FTA, the Colombia TPA, the Israel FTA, and 9 others can enter duty-free instead of paying 8.8%. It is also eligible under GSP, the developing-country programme, which Congress has to renew; check whether GSP is in force on the entry date.
The general duty rate is 8.8% of the customs value, which is at the low end of the rates in chapter 60 (23rd percentile of 60 lines with an ad valorem rate). On a shipment valued at $10,000 that is $880 in duty before any Chapter 99 additions or preference claims.
Neighbouring lines carry rates from 8% to 8.8%, so the exact line matters. The widest gap is with 6002.90.80 (other: other), at 8%: a product that belongs there but is entered here, or the reverse, changes the duty by 0.8 percentage points.
The column 2 rate, for countries without normal trade relations, is 35%, 4.0 times the general rate.
Neighbouring lines
| Line | Description | General rate |
|---|---|---|
| 6002.40.80 | Containing by weight 5 percent or more of elastomeric yarn but not containing rubber thread: other | 8% |
| 6002.90.40 | Other: of cotton (222) | 8.8% |
| 6002.90.80 | Other: other | 8% |