The HS Code 99045204 refers to cotton that is not carded or combed, with a staple length under 28.575 mm. This specific type of cotton is categorized under the Harmonized System (HS) for trade and customs purposes. The HS Code is a standardized international system used to classify and identify traded products. It ensures uniformity and consistency in trade regulations across different countries.
The product description indicates that this cotton falls under HS Code 99045204 and is further classified under subheading 5201.00.18. This information is crucial for customs authorities and traders to accurately identify and classify the specific type of cotton being imported or exported.
In addition, it is mentioned that this cotton is entered in a value safeguard period, with a price range of $0.75 to $0.945 per kilogram. The value safeguard period refers to a specified time frame during which certain measures or restrictions may be imposed on the import or export of a particular product, usually to protect domestic industries or address market imbalances.
When it comes to the duty rate, the bound or Most Favored Nation (MFN) duty rate for this cotton is 14.8 cents per kilogram. The MFN duty rate is the standard duty rate that applies to all trading partners equally, as per the principles of the World Trade Organization (WTO). It ensures that any trade barrier reduction or market opening by a country must be extended to all its trading partners for the same goods or services.
The quantity unit for this cotton is kilograms (KG). This unit of measurement is used to quantify and determine the weight or quantity of the cotton being imported or exported.
There are also special tariff preference programs that may apply to the import or export of this cotton. These programs provide certain advantages or benefits, such as reduced tariffs or exemptions, to eligible countries or traders. However, specific details about these programs are not provided in the given data.
The HS Code 99045204 is essential for accurate classification, documentation, and regulation of the import and export of cotton with a staple length under 28.575 mm. Traders, customs authorities, and other stakeholders involved in international trade rely on the HS Code system to ensure smooth and efficient trade operations.
HS Code 99045204 represents cotton that is not carded or combed, with a staple length under 28.575 mm. It is crucial for importers, exporters, and customs authorities to correctly identify and classify this cotton using the HS Code for trade and customs purposes. The data provided also highlights the value safeguard period, duty rate, quantity unit, and the existence of special tariff preference programs that may apply to this product.