Upland cotton is a widely traded commodity with a specific HS code: 99035212. This code is used to classify and track the import and export of upland cotton. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity limitations, and special tariff preference programs.
The product description for HS code 99035212 is "Upland cotton, within specified quantity limitations, within Special Cotton Import Quota Ann. No. 12 for a 180-day period." This means that the code specifically refers to the import and export of upland cotton that falls within the restrictions set by the Special Cotton Import Quota Ann. No. 12. It is important for traders and customs officials to correctly identify and classify the cotton they are dealing with using this HS code.
The Bound / MFN (Most Favored Nation) duty rate is the rate applied to imports and exports of upland cotton under HS code 99035212. In the context of trade, when 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. The specific duty rate for this HS code may vary depending on the country and trade agreements in place. Traders should consult the relevant customs authorities to determine the applicable duty rate.
The quantity unit for upland cotton under HS code 99035212 is not available (NA). This means that the specific unit of measure for quantifying the quantity of cotton imported or exported using this code is not specified. Traders and customs officials should refer to additional documentation or regulations to determine the acceptable quantity unit for this HS code.
Under the HS code 99035212, upland cotton may be eligible for special tariff preference programs. One such program is the 10% tariff rate for Canada (CA) under the North American Free Trade Agreement (NAFTA). This means that upland cotton imported from or exported to Canada can benefit from duty-free treatment, subject to the specific conditions and regulations outlined in the NAFTA agreement. Traders should carefully review the requirements of the applicable tariff preference program to ensure compliance.
HS code 99035212 applies to the import and export of upland cotton in various US states. The specific states involved in the import or export process may vary depending on the trading activities and market demand. Traders should consult the relevant customs authorities and trade data to determine the specific importing and exporting US states for upland cotton under this HS code.
HS code 99035212 is used to classify and track the import and export of upland cotton that falls within the restrictions set by the Special Cotton Import Quota Ann. No. 12. Traders and customs officials should be familiar with the product description, duty rates, quantity limitations, and special tariff preference programs associated with this HS code to ensure smooth and compliant trade transactions.