The HS Code 99045219 refers to a specific product: cotton, not carded or combed, with a staple length ranging from 28.575 to 34.924 mm. This product falls under the classification code 5201.00.38. It is important to understand the details of this HS code, as it provides crucial information for importers, exporters, and customs officials.
When importing or exporting goods, it is essential to have a clear understanding of the HS code. The Harmonized System (HS) is an international standard for classifying products. Each HS code represents a specific product or category of products. This classification system is used by customs authorities worldwide to determine the appropriate duties, taxes, and regulations for imported and exported goods.
In the case of HS Code 99045219, it specifically applies to cotton that is not carded or combed. The staple length of the cotton fibers must fall within the range of 28.575 to 34.924 mm. This information helps customs officials accurately identify and classify the product, ensuring the correct import duties and taxes are applied.
The product description also mentions that the cotton is entered in a value safeguard period. This indicates that there may be certain restrictions or regulations in place for the importation of this product. Importers must be aware of any additional requirements or documentation needed to comply with these safeguard measures.
The value of the cotton is given as $0.40-$0.599 per kilogram. This information is essential for calculating the customs value of the goods and determining the applicable duties and taxes. The quantity unit for this HS code is kilograms (KG), indicating that the pricing and duty calculations are based on the weight of the cotton.
It is worth noting that the bound or Most Favored Nation (MFN) duty rate for HS Code 99045219 is 16.7 cents per kilogram. The MFN duty rate is the standard rate applied to imports from all trading partners. It ensures that countries treat all their trading partners equally by not imposing higher or discriminatory tariffs on specific goods or services.
In addition to the general duty rate, there may be special tariff preference programs available for this HS code. These programs offer reduced or eliminated duties for specific countries or regions. Importers should research and understand these programs to take advantage of any applicable tariff preferences and maximize cost savings.
When importing products with HS Code 99045219 to the United States, it is essential to consider the specific requirements of individual states. Different states may have additional regulations or restrictions on the importation of cotton products. Exporting states should also be aware of any requirements or documentation needed to comply with the regulations of the importing states.
the HS Code 99045219 represents cotton, not carded or combed, with a specific staple length. Importers and exporters must understand this code to ensure compliance with customs regulations, calculate the correct duties and taxes, and take advantage of any applicable tariff preference programs. Additionally, considering state-specific regulations is crucial when importing or exporting this product to the United States.
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