The Harmonized System (HS) Code 99045221 represents a specific product category in international trade. In this article, we will explore the details of this HS code and provide comprehensive information about the product it represents.
The product categorized under HS Code 99045221 is cotton, specifically not carded or combed, with a staple length ranging from 28.575 to 34.924 mm. This classification is essential as it helps identify and differentiate this particular type of cotton from others in the global market.
Cotton is a widely used natural fiber with various applications, including textile manufacturing and production. The staple length refers to the length of individual cotton fibers and is an important characteristic that determines the quality and usability of the cotton.
It is worth noting that the HS code also specifies that the cotton is entered in the value safeguard period, with a price range of $0.80 to $0.999 per kilogram.
The bound / MFN (Most Favored Nation) duty rate for the product under HS Code 99045221 is 2.3 cents per kilogram. This duty rate is applicable every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment.
The duty rate is an important consideration for importers and exporters as it affects the cost of the product and influences trade decisions. Importers need to factor in the duty rate when calculating the overall cost of importing cotton under this specific HS code.
The quantity unit for the product categorized under HS Code 99045221 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the amount of goods being imported or exported.
By using kilograms as the quantity unit, it becomes easier for traders, customs officials, and other stakeholders to accurately measure and track the volume of cotton being traded under this HS code.
In addition to the general duty rate, there might be special tariff preference programs applicable to the product under HS Code 99045221. These programs aim to promote trade, encourage economic development, and foster relationships between countries.
As this article does not have specific information regarding special tariff preference programs, it is recommended to consult the relevant trade agreements, bilateral or multilateral, to identify any additional benefits or preferential treatment for this particular product.
The HS code does not provide information about importing or exporting US states. However, it is important to note that the United States is a significant player in global cotton trade, both as an importer and exporter.
Major cotton-producing states in the US include Texas, California, Mississippi, Georgia, and Arkansas. These states have favorable climate conditions and advanced agricultural practices that contribute to the production of high-quality cotton.
When importing cotton under HS Code 99045221, it is crucial to consider the specific regulations, documentation, and requirements set by the relevant US states. Compliance with these regulations ensures smooth import operations and adherence to the country's trade policies.
HS Code 99045221 represents cotton, not carded or combed, with a staple length of 28.575 to 34.924 mm. This code is essential for international trade, enabling accurate classification and identification of the product. Importers and exporters need to consider the bound / MFN duty rate, quantity unit, and any applicable special tariff preference programs when engaging in trade activities related to this HS code.
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