The HS Code 99045237 refers to a specific product category in international trade - cotton card strips, staple measuring less than 30.1625 mm, as well as cotton lap, sliver, and roving waste. These products are classified under HS code 5202.90.30, and they are subject to a specific value safeguard per, which ranges from $2.20 to $3.199 per kilogram.
When importing or exporting goods, it is essential to have a clear understanding of the HS code assigned to them. HS codes are universally recognized and used to classify products for customs and trade purposes. They provide a standardized system that enables easier identification and categorization of goods.
Cotton card strips are thin, elongated fibers that are produced during the process of carding cotton. Carding is a mechanical process that aligns the cotton fibers to create a continuous web, which is then used to produce various textile products. These card strips have a staple length of less than 30.1625 mm, making them suitable for specific applications in the textile industry.
In addition to card strips, the HS code also includes cotton lap, sliver, and roving waste. These are byproducts of the spinning process, where the cotton fibers are drawn out and twisted to form yarn. During this process, certain fibers may break or become tangled, resulting in waste materials that can still be utilized in other manufacturing processes.
The value safeguard per is an important aspect of the HS code 99045237. It determines the minimum and maximum value range within which these cotton products can be traded. The range specified for these products is $2.20 to $3.199 per kilogram. This safeguard per ensures a fair and regulated trade environment for cotton card strips and waste.
The bound / MFN (Most Favored Nation) duty rate for HS code 99045237 is $1.591 per kilogram. This duty rate is applicable every time a country lowers a trade barrier or opens up a market. It ensures that any trade concessions or benefits offered to one trading partner are extended to all other trading partners as well. This principle of non-discrimination promotes fair and equal treatment in international trade.
The quantity unit for HS code 99045237 is kilograms (KG). This unit of measurement is used to quantify the weight of cotton card strips and waste being imported or exported. It provides a standardized basis for calculating costs, determining shipping requirements, and ensuring accurate trade transactions.
Under special tariff preference programs, certain goods may be eligible for preferential treatment in terms of customs duties. In the case of HS code 99045237, the product is classified as "Free" under the Israel Special Rate (IL). This means that when importing these cotton products into Israel, they are granted duty-free treatment. This special tariff preference program aims to promote trade between Israel and its trading partners by reducing trade barriers.
HS code 99045237 applies to both importing and exporting activities involving cotton card strips and waste. It is important to note that the specific states involved in the import and export of these products may vary. The HS code serves as a universal identifier, regardless of the states involved. Whether it is the import or export of cotton card strips and waste, the HS code remains the same, ensuring consistency and clarity in international trade transactions.
HS code 99045237 encompasses cotton card strips, staple measuring less than 30.1625 mm, as well as cotton lap, sliver, and roving waste. It provides a standardized classification system for these products, ensuring proper identification and categorization in international trade. The value safeguard per, bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS code play crucial roles in facilitating fair and regulated trade of cotton products. By understanding and adhering to the requirements of HS code 99045237, importers and exporters can navigate the complexities of international trade effectively.