HS Code 99035210: Upland Cotton within Special Cotton Import Quota Ann. No. 10
Upland cotton comes under HS Code 99035210. This code is used to classify and identify specific products for international trade purposes. In this article, we will explore the details of this HS Code and the specific regulations and requirements associated with it.
Product Description:
The product description for HS Code 99035210 is "Upland cotton, within specified quant. limitations, within Special Cotton Import Quota Ann. No. 10 for a 180-day period." This means that the code is specifically assigned to Upland cotton that falls within the defined quantity limits as specified by the Special Cotton Import Quota Ann. No. 10. The quota allows for the importation of this type of cotton within a specified time frame.
Bound/MFN Duty Rate:
The Bound/MFN duty rate is the rate of duty that a country imposes on imports. For HS Code 99035210, the bound/MFN duty rate is not available. This means that the specific duty rate for this product has not been specified. However, it is important to note that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This principle ensures fair and equitable treatment for all trading partners.
Quantity Unit:
The quantity unit for HS Code 99035210 is not available (NA). This means that the specific unit of measurement for the quantity of Upland cotton within the quota is not specified. It could be measured in kilograms, bales, or any other unit applicable to cotton trade. The absence of a specific quantity unit suggests that it may vary depending on the specific regulations of the importing and exporting countries.
Special Tariff Preference Programs:
For HS Code 99035210, a special tariff preference program is available. The program offers a tariff rate of 10% for Upland cotton imported under the code. The abbreviation 'CA' represents this special tariff preference program. In this case, the abbreviation stands for "Canada." The NAFTA (North American Free Trade Agreement) allows for duty-free treatment of Upland cotton imports from Canada, resulting in a reduced tariff rate of 10%.
Importing and Exporting US States:
HS Code 99035210 is applicable to Upland cotton imports and exports by various states within the United States. The specific importing and exporting states may vary based on the trade agreements and regulations in place. It is important for traders and businesses to be aware of the specific requirements and restrictions associated with the import and export of Upland cotton under this HS Code.
HS Code 99035210 pertains to the importation and exportation of Upland cotton within the specified limitations of the Special Cotton Import Quota Ann. No. 10. It is crucial for businesses and traders to ensure compliance with the regulations and requirements associated with this code when engaging in international trade of Upland cotton.
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