The HS Code 51011960 refers to a specific category of wool that is commonly traded internationally. In this article, we will delve into the product description, tariff rates, special tariff preference programs, and other relevant information related to HS Code 51011960.
HS Code 51011960 specifically pertains to wool that is finer than 46s and excludes unimproved wool. This category includes greasy wool that has not been shorn, carded, or combed. The term "greasy" refers to wool that has not undergone any washing or cleaning processes. The quantity unit for this type of wool is measured in clean yield kilograms (CYK).
When it comes to HS Code 51011960, the bound or most-favored-nation (MFN) duty rate is 18.7 cents per clean kilogram. The bound duty rate is the maximum rate that a country can impose on imports of a particular product. It is important to note that trade barriers and market access for goods or services must be applied equally to all trading partners.
HS Code 51011960 enjoys various special tariff preference programs in different countries. These programs offer reduced or duty-free rates for eligible importers. Here are some of the special tariff preference programs applicable to HS Code 51011960:
These special tariff preference programs aim to promote trade and foster economic cooperation between participating countries.
HS Code 51011960 is relevant not only for international trade but also for domestic trade within the United States. While the specific states involved in importing and exporting this wool may vary, it is important for businesses to be aware of the potential demand and supply within different states.
HS Code 51011960 encompasses a specific type of wool that is traded globally. Understanding the product description, tariff rates, and special tariff preference programs associated with this HS code is crucial for businesses involved in the import and export of wool. By staying informed about the regulations and opportunities related to HS Code 51011960, businesses can make informed decisions and leverage the benefits offered by special tariff preference programs.