The HS Code 99045227 refers to a specific product category: cotton, not carded or combed, with a staple length of 34.925 mm or over. This article will provide an extensive overview of this HS Code, including its product description, tariff rates, quantity units, and special tariff preference programs.
The product classified under HS Code 99045227 is cotton, which has not undergone the processes of carding or combing. Carding and combing are methods used in the textile industry to align and clean the cotton fibers, resulting in a higher quality product. Cotton with a staple length of 34.925 mm or over is considered to have long fibers, which are desired for certain applications in the textile industry.
It is important to note that the product description provided in the HS Code is specific and detailed, ensuring that the classification of the product is accurate and standardized for international trade purposes.
The bound / MFN (Most Favored Nation) duty rate for the product under HS Code 99045227 is 37.3 cents per kilogram. The MFN duty rate applies to all countries and is the rate that a country must apply to imports from all its trading partners, regardless of any special trade agreements or preferences.
The MFN principle ensures that when 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. This principle promotes fair and non-discriminatory trade practices among countries.
The quantity unit for the product classified under HS Code 99045227 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight of goods being imported or exported.
Using a standardized quantity unit such as kilograms enables efficient and accurate record-keeping, pricing, and transportation logistics for international trade transactions.
Special tariff preference programs are trade agreements or arrangements that offer reduced or zero tariff rates for specific products imported from eligible countries. These programs aim to promote trade and economic development between participating countries.
While the article does not mention any specific special tariff preference programs applicable to HS Code 99045227, it is worth noting that various countries and regions have established such programs. These programs may provide benefits such as preferential duty rates, duty-free access, or simplified customs procedures for qualifying products.
For exporters and importers dealing with products classified under HS Code 99045227, it is essential to stay informed about the special tariff preference programs available in their respective countries or regions. Taking advantage of these programs can result in cost savings and improved market access.
the HS Code 99045227 pertains to cotton, not carded or combed, with a staple length of 34.925 mm or over. It is crucial for businesses involved in international trade to understand the product description, tariff rates, quantity units, and special tariff preference programs associated with this HS Code. By staying informed and compliant with the relevant regulations and preferences, businesses can navigate the global trade landscape more effectively and optimize their trade activities.