The HS Code 99045203 refers to a specific product category: Cotton, not carded or combed, with a staple length under 28.575 mm. This code is used to classify and identify this particular type of cotton for international trade purposes. In this article, we will explore the details of this HS code, its product description, tariff rates, quantity unit, and any special tariff preference programs associated with it.
The product described by the HS Code 99045203 is cotton that has not been carded or combed, with a staple length under 28.575 mm. This implies that the cotton fibers are in their natural state and have not undergone further processing to align the fibers or remove any impurities. The staple length refers to the average length of the cotton fibers, which in this case, is under 28.575 mm.
It is important to note that the product description is specific and excludes cotton that has been carded or combed, as well as cotton with a staple length exceeding 28.575 mm. This level of detail allows for accurate classification and international trade transactions.
The bound / MFN (Most Favored Nation) duty rate for the HS Code 99045203 is 24.8 cents/kg. The bound duty rate is the maximum rate that a country can apply to imports of a specific product. The MFN duty rate ensures that every time 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.
It is important to consider that the tariff rates may vary depending on the country and any applicable trade agreements or preferences. However, the bound / MFN duty rate provides a baseline for understanding the general tariff implications for the product category.
The quantity unit for the HS Code 99045203 is kilograms (KG). This means that the measurement and trading of this product are based on weight. When importing or exporting cotton falling under this HS code, the quantity will be measured and recorded in kilograms.
Special tariff preference programs may exist for the product category defined by the HS Code 99045203. These programs are designed to provide specific advantages or benefits to countries or regions involved in trade. These advantages may include reduced tariff rates, exemptions, or other preferential treatment for eligible imports or exports.
As the article does not provide specific information about any special tariff preference programs associated with the HS Code 99045203, it is recommended to consult the relevant trade agreements, customs regulations, or government authorities for further details.
The HS Code 99045203 is applicable to both importing and exporting US states. This means that cotton falling under this HS code can be imported into or exported from various states within the United States. The specific states involved in importing or exporting will depend on the trade activities and market dynamics.
the HS Code 99045203 refers to cotton that is not carded or combed, with a staple length under 28.575 mm. This product is classified and traded based on its specific characteristics and falls under the tariff rate of 24.8 cents/kg. The quantity unit for this HS code is kilograms, and special tariff preference programs may exist, which can provide additional advantages in certain trade scenarios. Importing and exporting of cotton falling under this HS code can occur between different states within the United States.