When it comes to the international trade of goods, the Harmonized System (HS) Code plays a crucial role in classifying and identifying products. Each HS Code corresponds to a specific product, allowing customs officials and traders to easily understand and categorize the goods being imported or exported.
In this article, we will be exploring HS Code 99022277, which refers to fine animal hair of Kashmir (cashmere) goats. This particular HS Code falls under subheading 5102.11.90, providing a more detailed description of the product.
Kashmir goats are renowned for their luxurious and soft cashmere wool, which is highly sought after in the textile industry. The fine animal hair of these goats is used to produce high-quality cashmere garments, accessories, and textiles.
One of the key aspects of HS Code 99022277 is the bound or MFN (Most Favored Nation) duty rate. The MFN principle ensures that every country must offer the same trade barriers and market access to all its trading partners. In the case of this HS Code, the bound or MFN duty rate is set at a free rate, indicating that there are no additional tariffs or taxes imposed on the import or export of fine animal hair of Kashmir goats.
It is worth noting that the quantity unit for this particular HS Code is not available (NA). This indicates that the specific unit of measurement for the product is not specified or standardized. However, it is common for fine animal hair to be measured in kilograms or pounds.
Furthermore, there are various special tariff preference programs that may apply to the import or export of fine animal hair of Kashmir goats. These programs are designed to promote trade and provide certain benefits to eligible countries or regions. Importing and exporting US states may have specific agreements or preferences when it comes to this HS Code, which can impact the customs procedures and duties involved.
HS Code 99022277 represents the fine animal hair of Kashmir goats, specifically their cashmere wool. This luxurious material is highly valued in the textile industry and is used to create various high-quality products. With a bound or MFN duty rate of free, this HS Code signifies that there are no additional tariffs or taxes imposed on the trade of this product. However, special tariff preference programs and regional agreements may still play a role in the import and export procedures. By understanding and correctly classifying HS Codes, traders and customs officials can ensure smooth and efficient international trade.