Cotton Import Fee to be Decreased
The Department of Agriculture’s Agricultural Marketing Service has issued a final rule lowering the assessments paid by importers of cotton and cotton-containing products under the Cotton Research and Promotion Order. These assessments are being reduced from $0.014109/kg to $0.012876/kg, reflecting a decrease in the average weighted price of upland cotton received by U.S. farmers during calendar year 2012. 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.
The AMS is also amending the Import Assessment Table, which indicates the total assessment rate due for each HTSUS number subject to assessment, to reflect a change from HTSUS 5513.39.0015 to HTSUS 5513.39.0115 and a change from HTSUS 5513.39.0091 to HTSUS 5513.39.0191.
This rule will be effective as of Sept. 3 unless significant adverse comment is received by Aug. 1, in which case it will be withdrawn and all public comments will be addressed in a final rule based on a proposed rule the AMS is issuing concurrently with the direct final rule.