The HS Code 99045233 refers to a specific product description - Cotton, not carded or combed, with a staple length of 34.925 mm or over. This type of cotton is categorized under HS Code 5201.00.80. It is essential for importers, exporters, and traders to understand the details associated with this HS Code to navigate the global market effectively.
Cotton, not carded or combed, with a staple length of 34.925 mm or over, falls under HS Code 99045233. It is a specific category of cotton that is unprocessed and has a long staple length. This type of cotton is mainly used in the textile industry for producing high-quality fabrics. The staple length of 34.925 mm or over ensures durability and strength in the final textile products.
The Bound / MFN (Most Favored Nation) duty rate is the standard tariff imposed on imports of cotton falling under HS Code 99045233. It is essential to note that the bound duty rate applies to all countries equally. This means that whenever a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. The bound duty rate provides a level playing field for international trade.
The quantity unit for importing or exporting cotton under HS Code 99045233 is kilograms (KG). This unit of measurement is widely used in the global trade of cotton to ensure accurate quantity calculations and pricing.
Under the HS Code 99045233, cotton imports may be eligible for special tariff preference programs. One such program is the Free (IL) program, which stands for Israel Special Rate (duty-free treatment). This program allows cotton imports from specific countries to Israel to be exempt from duty, promoting trade and economic cooperation between the participating nations.
As an international trader dealing with cotton under HS Code 99045233, it is crucial to understand the specific importing and exporting US states. This information helps in identifying potential trading partners and expanding business opportunities. While the data for the importing and exporting US states is not provided, it can be obtained from relevant trade databases and reports to facilitate informed decision-making.
the comprehensive understanding of the HS Code 99045233 is essential for importers, exporters, and traders involved in the cotton trade. This article provided an extensive overview of the product description, bound / MFN duty rate, quantity unit, special tariff preference programs, and the importance of importing and exporting US states. By familiarizing themselves with this information, businesses can effectively navigate the global cotton market and maximize their trade opportunities.