The HS Code 99045238 refers to a specific product category in international trade - Cotton card strips, staple < 30.1625 mm; cotton lap, sliver & roving waste. This code is used to classify and identify goods when they are being imported or exported. In this article, we will explore the details of this HS Code and provide valuable information about the product it represents.
The product description for HS Code 99045238 is as follows: Cotton card strips, staple < 30.1625 mm; cotton lap, sliver & roving waste. This indicates that the product consists of cotton fibers that have been processed through a carding machine to create strips or waste material.
The staple length of the cotton fibers is less than 30.1625 mm, which means they are relatively short. The product may also include cotton lap, sliver, and roving waste. These are by-products of the cotton spinning process and are typically discarded or recycled.
It is important to note that this product falls under the HS Code 5202.90.30, which further classifies it within the broader category of cotton waste.
When importing this product, a value safeguard per. of $3.20-$4.199/kg applies. This means that the product's value should fall within this range for import purposes.
The bound / MFN (Most Favored Nation) duty rate for this product is $1.079/kg. The MFN principle states that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This ensures equal treatment and non-discriminatory trade practices among countries.
The quantity unit for HS Code 99045238 is kilograms (KG). This means that the weight of the product being imported or exported is measured in kilograms.
This product is eligible for a special tariff preference program known as "Free (IL)." This stands for Israel Special Rate, which provides duty-free treatment for the import of this product into Israel. This program allows for more favorable trade conditions between the exporting country and Israel.
HS Code 99045238 can be imported into and exported from various US states. The specific states involved in the import and export of this product may vary depending on market demand and supply chain dynamics.
It is important for businesses and traders to be aware of the regulations and requirements when dealing with imports or exports under this HS Code. Compliance with customs procedures, duty rates, and any applicable trade agreements is crucial to ensure smooth international trade operations.
HS Code 99045238 represents the product category of cotton card strips, staple < 30.1625 mm; cotton lap, sliver & roving waste. Understanding the details and implications of this HS Code is essential for importers, exporters, and traders involved in the cotton industry. Compliance with customs regulations and trade agreements will contribute to successful and efficient international trade transactions.