HS Code 99045222 is assigned to a specific type of cotton that is not carded or combed, with a staple length ranging between 28.575 to 34.924 mm. This code is used to classify and track the import and export of this particular product.
When importing or exporting cotton under HS Code 99045222, it is important to note that it falls under the subheading 5201.00.38. This subheading provides further details about the specific characteristics of the cotton being traded.
It is worth mentioning that this specific type of cotton is subject to certain trade regulations. For instance, if the cotton is being imported during a value safeguard period, where the value of the cotton is $1/kg or more, additional duties may be imposed.
Under the concept of Most Favored Nation (MFN) duty rate, any trade barrier lowered or market opened by a country must be applied equally to all its trading partners for the same goods or services. This means that the duty rate for cotton under HS Code 99045222 will remain consistent regardless of the country of origin or destination.
The quantity unit used for measuring cotton under HS Code 99045222 is kilograms (KG). This allows for standardized measurement and easy comparison of quantities during trade transactions.
Additionally, there may be special tariff preference programs available for cotton importers or exporters. These programs offer certain benefits, such as reduced duty rates or exemptions, to encourage trade and support specific industries or countries.
When it comes to importing cotton under HS Code 99045222, it is essential to understand the regulations and requirements of both the importing and exporting US states. Each state may have specific regulations or documentation requirements that need to be fulfilled for a smooth and compliant trade process.
HS Code 99045222 classifies a specific type of cotton that is not carded or combed, with a staple length between 28.575 to 34.924 mm. This code helps in tracking and regulating the import and export of this cotton variety. Understanding the relevant regulations, duty rates, and special tariff programs is crucial for businesses involved in the cotton trade under this HS code.