The HS Code 51012170 refers to unimproved wool and other wool that is finer than 46s. This type of wool is degreased, shorn, and does not undergo carbonization or carding processes. Understanding the details of this HS code is essential for importers and exporters involved in the wool industry.
The Bound / MFN duty rate for HS Code 51012170 is 6.5 cents per kilogram (KG) plus 5.3% of the value. It is important to note that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This ensures fair and equal treatment in international trade.
When importing or exporting wool under HS Code 51012170, the quantity unit is kilograms (KG). This measurement is used for determining the quantity of wool being traded.
There are also special tariff preference programs available for wool under HS Code 51012170. The following countries have specific rates or duty-free treatment:
These special tariff preference programs provide varying rates or duty-free treatment for importing or exporting wool under HS Code 51012170. Importers and exporters should be aware of these programs to take advantage of any cost savings or benefits they may offer.
When it comes to importing or exporting wool under HS Code 51012170, it is also important to consider the specific states involved. The importing and exporting US states play a significant role in the trade process, as they may have their own regulations, requirements, or restrictions related to the import or export of wool.
HS Code 51012170 refers to unimproved wool and other wool that is finer than 46s, degreased, shorn, not carbonized, and not carded or combed. Importers and exporters should be familiar with the bound / MFN duty rate, quantity unit, and any special tariff preference programs associated with this HS code. Additionally, understanding the importing and exporting US states involved is crucial for successful trade in the wool industry.