The HS Code 15050010 refers to a specific product known as wool grease in its crude form. This article aims to provide an educational overview of this product, including its description, duty rates, quantity unit, and special tariff preference programs associated with it.
Wool grease, also known as lanolin or wool wax, is a natural substance produced by sheep. It is a greasy, yellowish substance secreted by the sebaceous glands in their skin. Wool grease acts as a protective coating for the sheep's wool, keeping it moisturized and protecting it from environmental elements.
In its crude form, wool grease is extracted from the sheep's wool and goes through a minimal refining process. It contains various impurities and is commonly used in industrial applications such as the production of lubricants, cosmetics, pharmaceuticals, and textiles.
The HS Code 15050010 specifically identifies the product as wool grease, crude. The HS Code classification system is used internationally to categorize and standardize traded goods. It helps customs authorities and traders identify the nature of the product and determine the applicable duties and regulations.
The bound or Most Favored Nation (MFN) duty rate for HS Code 15050010 is 1.3 cents per kilogram. This duty rate applies whenever a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment.
The quantity unit for HS Code 15050010 is kilograms (KG). This unit of measurement is commonly used to quantify the weight of goods being imported or exported.
Several special tariff preference programs offer duty-free treatment or reduced duty rates for the importation of wool grease, crude (HS Code 15050010). Here are some of the programs and the countries that benefit from them:
While the data provided does not specify the exporting countries, it does mention that the importing US state is Alaska. This suggests that Alaska is a significant market for wool grease imports under HS Code 15050010.
HS Code 15050010 represents crude wool grease, a product derived from sheep's wool. It carries a duty rate of 1.3 cents/kg and is measured in kilograms. Various special tariff preference programs offer duty-free treatment or reduced duty rates for the importation of wool grease, benefiting countries like Australia, Canada, Chile, Israel, and many others. Alaska is mentioned as an importing US state, indicating its importance in the trade of wool grease.