Cotton, not carded or combed, with a staple length of 34.925 mm or over, falls under HS Code 99045229. This specific HS code is used to classify this particular type of cotton for international trade purposes. In this article, we will explore the product description, duty rates, quantity units, and special tariff preference programs related to HS Code 99045229.
The product description for HS Code 99045229 is "Cotton, not carded or combed, staple length 34.925 mm or over, in 5201.00.80, entered in value safeguard period, $1.70-$1.999/kg". This means that the cotton in question has not undergone the processes of carding or combing and has a staple length of 34.925 mm or more. It is classified under subheading 5201.00.80.
The bound or Most Favored Nation (MFN) duty rate for HS Code 99045229 is 14.3 cents/kg. The MFN duty rate is the rate that applies to imports from all trading partners, ensuring that trade barriers are lowered uniformly for the same goods or services. This means that regardless of the country of origin, cotton falling under this HS code will be subject to a duty rate of 14.3 cents per kilogram.
The quantity unit for HS Code 99045229 is kilograms (KG). This means that the weight of the cotton imported or exported under this HS code will be measured in kilograms. It is important to accurately declare the quantity in kilograms to comply with trade regulations and facilitate smooth customs clearance processes.
Special tariff preference programs may exist for cotton imported or exported under HS Code 99045229. These programs are designed to provide certain benefits or concessions to specific countries or regions. However, without further information, it is not possible to determine if any special tariff preference programs apply to this specific HS code.
When it comes to importing cotton under HS Code 99045229, various US states may be involved. The importing US states refer to the states where the cotton is being brought into the country. On the other hand, the exporting US states are the states from which the cotton is being shipped to other countries. The specific states involved in the import and export of cotton under this HS code may vary depending on trade patterns and market demand.
HS Code 99045229 is used to classify cotton that has not been carded or combed, with a staple length of 34.925 mm or over. The duty rate for this HS code is 14.3 cents/kg, and the quantity unit is kilograms (KG). Special tariff preference programs may apply, and the importing and exporting US states can vary based on trade dynamics. Understanding the details of HS Code 99045229 is crucial for traders, importers, and exporters dealing with cotton in international trade.