Upland cotton is a specific type of cotton that falls under HS Code 99035219. This code is used to classify and identify this particular product for import and export purposes. In this article, we will explore the details of this HS code and provide additional information related to its import and export regulations.
The product description for HS Code 99035219 is "Upland cotton, within specified quantitative limitations, within Special Cotton Import Quota Ann. No. 19 for a 180-day period." This means that the import of upland cotton is subject to certain quantity restrictions and falls under a specific import quota announcement.
When it comes to the duty rates for this HS code, it is important to consider the concept of bound and MFN (Most Favored Nation) duty rates. Bound duty rates refer to the maximum tariff rates that a country can impose on imported goods. The MFN duty rate is the rate applied to all trading partners equally, ensuring non-discriminatory treatment.
Unfortunately, the specific duty rate for HS Code 99035219 is not available. However, it is crucial to note that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle ensures fairness and equal opportunities for all nations involved in trade.
In terms of quantity units, the information is not provided (NA). However, it is essential for importers and exporters to have a clear understanding of the quantity limitations set forth in the Special Cotton Import Quota Ann. No. 19. Adhering to these limitations is crucial to avoid any penalties or violations related to the import or export of upland cotton.
There is also a special tariff preference program associated with HS Code 99035219. Under this program, a 10% tariff rate applies to the import of upland cotton for Canada. This preferential treatment is granted through the North American Free Trade Agreement (NAFTA), which allows duty-free treatment for eligible goods traded between Canada, the United States, and Mexico.
It is worth noting that the importing and exporting of upland cotton under HS Code 99035219 can occur between various states within the United States. The specific importing and exporting states are not provided, but it is essential for businesses engaged in this trade to comply with all relevant regulations and requirements set by the respective states.
HS Code 99035219 pertains to the import and export of upland cotton within specified quantitative limitations and a special import quota announcement. Understanding the bound and MFN duty rates, quantity limitations, and special tariff preference programs associated with this HS code is crucial for businesses operating in the cotton industry. Compliance with regulations and requirements is vital to ensure smooth and legal trade activities.