HS Code 99045205: Cotton, not carded or combed, staple length under 28.575 mm
Cotton is one of the most important and widely used natural fibers in the world. It is a versatile material that is utilized in various industries, including textile, fashion, and home furnishings. The classification of cotton under the Harmonized System (HS) is crucial for international trade, as it ensures that goods are correctly identified and categorized.
HS Code 99045205 specifically refers to cotton that is not carded or combed, with a staple length under 28.575 mm. This code is used to differentiate this particular type of cotton from others and provides important information about its characteristics and usage.
Cotton classified under HS Code 99045205 is primarily used in the production of yarns and fabrics. The staple length of under 28.575 mm indicates that this cotton is shorter in length compared to other varieties. This characteristic makes it suitable for specific applications, such as the manufacturing of denim or certain types of knitwear.
When importing or exporting cotton under this HS code, it is essential to understand the associated regulations and requirements. The product description mentioned that this cotton is entered in a value safeguard period, with a price range of $0.95-$1.145 per kilogram. This indicates that there may be certain restrictions or measures in place to protect domestic industries or ensure fair trade practices.
In terms of duty rates, the bound / MFN (Most Favored Nation) duty rate for cotton classified under HS Code 99045205 is 8.6 cents per kilogram. Bound duty rates refer to the maximum rate that a country can impose on imported goods, as agreed upon under international trade agreements. MFN duty rates, on the other hand, are the rates applied to most countries, ensuring non-discriminatory treatment.
It is important to note that trade barriers and market openness play a significant role in international trade. When a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This principle ensures fair and equitable trade practices and prevents unfair advantages for certain countries or industries.
The quantity unit for cotton under HS Code 99045205 is kilograms (KG). This unit of measurement is standard for most commodities and allows for accurate and consistent calculation of quantity and value.
In addition to the regulations and duty rates associated with this HS code, there may be special tariff preference programs available. These programs provide certain benefits or exemptions for specific countries or regions, promoting trade and economic cooperation. Importers and exporters should explore these programs to take advantage of any available incentives or reduced tariffs.
When importing cotton under HS Code 99045205 into the United States, it is important to consider the specific requirements of individual states. Different states may have additional regulations or restrictions in place, which must be complied with to ensure smooth customs clearance and trade operations. Similarly, when exporting cotton from the United States, it is crucial to be aware of the requirements and regulations of the destination country.
HS Code 99045205 classifies cotton that is not carded or combed, with a staple length under 28.575 mm. This code helps in correctly identifying and categorizing the cotton for international trade purposes. Importers and exporters of this cotton should be aware of the associated regulations, duty rates, special tariff preference programs, and state-specific requirements to ensure compliance and successful trade operations.
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