When it comes to international trade, it is crucial to have a system that effectively classifies and categorizes goods. One such system is the Harmonized System (HS) code, which is used worldwide to identify and classify products for customs and trade purposes. In this article, we will delve into the HS code 51012130 and provide you with a detailed understanding of its product description, duty rates, quantity unit, special tariff preference programs, and more.
The HS code 51012130 refers to a specific type of wool. It encompasses wool that is finer than 40s but not 44s, and it is degreased, shorn, and not further processed. This wool is also not carded or combed and is not intended for special uses. The product description provides important information about the characteristics and specifications of the wool, enabling traders and customs officials to accurately identify and classify it.
The bound / MFN duty rate is the rate at which the imported wool is taxed when it enters a country. The HS code 51012130 is associated with a free duty rate. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty-free treatment to the wool from all its trading partners. This promotes fair and equal trade among nations and encourages economic growth and cooperation.
The quantity unit for the HS code 51012130 is clean yield kilograms (CYK). This unit of measurement allows traders and customs officials to accurately quantify the amount of wool being imported or exported. It is important to note that the quantity unit may vary depending on the HS code and the specific product being traded.
The HS code 51012130 is eligible for various special tariff preference programs that provide specific duty rates or duty-free treatment for certain countries. Here are some of the programs and their associated rates:
These special tariff preference programs aim to promote trade and economic cooperation between specific countries by providing favorable duty rates or duty-free treatment for the HS code 51012130. Traders should be aware of these programs and take advantage of them to optimize their import or export activities.
The HS code 51012130 can be imported to and exported from various states in the United States. The specific states involved in the import or export of this product may vary depending on market demand and trade agreements. Traders should consult with customs officials or trade experts to determine the specific states involved in the import or export process.
the HS code 51012130 plays a vital role in accurately identifying and classifying wool for international trade. Understanding its product description, duty rates, quantity unit, and special tariff preference programs is essential for traders, customs officials, and anyone involved in the import or export of this specific type of wool. By adhering to the regulations and taking advantage of the available tariff preference programs, traders can streamline their trade activities and foster economic growth.