Import Fee on Cotton and Cotton-Containing Products to be Lowered

Excerpt from: Sandler, Travis & Rosenberg | August 05, 2016

Assessments paid by importers of cotton and cotton-containing products under the Cotton Research and Promotion Order will fall 8.3 percent under a direct final rule issued by the Department of Agriculture’s Agricultural Marketing Service. Assessments will be reduced from $0.012013/kg to $0.011012/kg to reflect a decrease in the average weighted price of upland cotton received by U.S. farmers in 2015. The revenues generated by these assessments are used to finance research and promotion programs designed to increase consumer demand for upland cotton in the U.S. and international markets.

This rule also amends the Import Assessment Table, which indicates the total assessment rate due for each HTSUS number subject to assessment, to reflect this change.

This rule will be effective as of Oct. 4 unless significant adverse comment is received by Sept. 6, in which case it will be withdrawn.