Cotton, a versatile and widely used natural fiber, has its own classification system called the Harmonized System (HS) Code. The HS Code 99045218 is specifically assigned to cotton that is not carded or combed, with a staple length ranging from 28.575 to 34.924 mm. Let's delve into the details of this HS Code and understand its significance in international trade.
HS Code 99045218 belongs to Chapter 52 of the HS Code, which covers "Cotton and Cotton Articles." The code helps in categorizing and identifying different types of cotton products, facilitating smooth international trade by providing a common language for customs authorities and traders worldwide.
The product description for HS Code 99045218 is "Cotton, not carded or combed, staple length 28.575 to 34.924 mm." This description specifies that the cotton in question has not undergone the processes of carding or combing, which are used to align and prepare the fibers for spinning into yarn. The staple length of the cotton refers to the average length of the fibers, ranging from 28.575 to 34.924 mm.
Cotton with such characteristics can be further processed into various textile products, including but not limited to yarns, fabrics, and garments. The staple length plays a crucial role in determining the quality and properties of the final product, such as its strength, luster, and ability to hold dye.
The import and export of cotton falling under HS Code 99045218 is subject to certain regulations and tariffs. The value safeguard period, as mentioned in the data, indicates a specific time frame during which the import of this cotton is subjected to additional measures to protect the domestic industry. The given range of $0.20-$0.399/kg represents the price per kilogram at which this cotton is entered into the market.
Importing and exporting cotton under this HS Code requires compliance with the bound / MFN duty rate, which is fixed at 28.3 cents/kg. This rate ensures that whenever 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 of non-discrimination promotes fair and equal trade practices among nations.
The quantity unit for HS Code 99045218 is kilograms (KG), which is the standard unit of measurement internationally used for cotton trade. It provides a uniform basis for calculating quantities and prices during import and export transactions.
Additionally, this HS Code may also qualify for special tariff preference programs. These programs are designed to promote trade and economic cooperation between countries by providing preferential treatment, such as reduced tariffs or exemptions, to certain goods. The specifics of such programs, including eligibility criteria and benefits, may vary from country to country.
HS Code 99045218 represents a specific type of cotton that is not carded or combed, with a staple length ranging from 28.575 to 34.924 mm. This code plays a crucial role in international trade, allowing for the classification and identification of cotton products for customs purposes. Understanding the details and regulations associated with this HS Code is essential for both importers and exporters, ensuring compliance with duty rates, safeguard periods, and other trade requirements.