Cotton is a versatile and widely used natural fiber that plays a significant role in the global textile industry. To ensure smooth international trade and facilitate the classification of different products, the Harmonized System (HS) Code is used. In this article, we will delve into the details of HS Code 99045236, which covers cotton card strips, staple < 30.1625 mm, as well as cotton lap, sliver, and roving waste.
The product covered by HS Code 99045236 includes cotton card strips with a staple length of less than 30.1625 mm. Carding is a process in the textile industry that involves combing the cotton fibers to align them in a parallel arrangement. These card strips are essential in the production of high-quality yarn and fabrics.
Additionally, this HS Code also encompasses cotton lap, sliver, and roving waste. These by-products are generated during the spinning process and consist of shorter fibers, impurities, and other materials that are not suitable for producing yarn directly.
The products falling under HS Code 99045236 are further classified under subheading 5202.90.30, which provides more specific details about the type and quality of the cotton card strips and waste.
When it comes to importing products classified under HS Code 99045236, it is essential to understand the regulations and requirements of both the importing and exporting countries. The United States is a significant player in the global cotton market, both as an importer and exporter.
As for the importing US states, cotton card strips and waste under HS Code 99045236 can be imported into any state within the country. However, it is crucial to comply with all customs regulations, including documentation, customs duties, and any other requirements set by the relevant authorities.
When exporting cotton card strips and waste from the United States, it is necessary to adhere to the regulations and requirements of the destination country. Different countries may have specific import duties, quotas, or restrictions on cotton products. Therefore, exporters need to ensure compliance with these regulations to facilitate smooth trade.
Under certain circumstances, special tariff preference programs may apply to products classified under HS Code 99045236. One such program is the Israel Special Rate (duty-free treatment), which provides duty-free access for eligible cotton products imported into Israel.
Through this program, exporters from the United States can benefit from reduced or eliminated import duties when trading cotton card strips and waste with Israel. It is essential for exporters to familiarize themselves with the specific requirements and procedures to take advantage of this special tariff preference program.
The bound / Most Favored Nation (MFN) duty rate for products under HS Code 99045236 is $2.291/kg. The MFN principle ensures 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 bound duty rate represents the maximum rate that can be applied to imports of cotton card strips and waste. It provides a level of predictability and stability for traders, allowing them to plan their business operations accordingly.
HS Code 99045236 encompasses cotton card strips, staple < 30.1625 mm, as well as cotton lap, sliver, and roving waste. Understanding the details and implications of this HS Code is essential for importers, exporters, and other stakeholders in the cotton industry.
By familiarizing themselves with the product description, special tariff preference programs, and the bound / MFN duty rate, businesses can navigate international trade more effectively and make informed decisions regarding the import and export of cotton card strips and waste.