HS Code 99045224: Cotton, not carded or combed, staple length 34.925 mm or over
Cotton is one of the most widely used natural fibers in the world. It is used in various industries, including textile, fashion, and home furnishings. In international trade, cotton is classified under different HS codes based on its characteristics and specifications.
HS Code 99045224 specifically refers to cotton that is not carded or combed, with a staple length of 34.925 mm or over. This code is used to identify and classify this specific type of cotton in trade transactions.
When importing or exporting goods, it is essential to accurately classify them under the appropriate HS code. This ensures that the correct customs duties and regulations are applied. HS codes are used globally and are standardized under the Harmonized System (HS) established by the World Customs Organization (WCO).
The product description provided for HS Code 99045224 indicates that the cotton falls under the subheading of 5201.00.80. This subheading further classifies the cotton based on its staple length and unprocessed state.
One important aspect mentioned in the product description is that the cotton is entered in a value safeguard period and falls under a specific tariff rate of under $0.50/kg. This indicates that there may be certain trade restrictions or agreements in place for this particular product.
The bound/MFN (Most Favored Nation) duty rate for HS Code 99045224 is 98.1 cents/kg. The MFN duty rate is applied to all countries equally, ensuring fair and non-discriminatory trade practices. It implies that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 99045224 is kilograms (KG). This means that the cotton is measured and traded in kilograms. The quantity is an essential factor in determining the value and cost of the imported or exported goods.
In terms of special tariff preference programs, additional information is needed to provide specific details. Special tariff preference programs can include free trade agreements, preferential trade arrangements, or other trade facilitation measures. These programs aim to promote trade and provide certain benefits or advantages to specific countries or products.
When importing or exporting cotton classified under HS Code 99045224, it is crucial to comply with all relevant regulations and documentation requirements. This includes proper labeling, quality standards, and any additional certifications or permits that may be necessary.
HS Code 99045224 represents cotton that is not carded or combed, with a staple length of 34.925 mm or over. This code is used for accurately classifying and identifying this specific type of cotton in international trade. Understanding the HS code and its associated product description, duty rates, quantity units, and special tariff preference programs is essential for smooth and compliant trade transactions.
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