HS Code 51012915: Unimproved Wool and Other Wool Not Finer Than 40s
Unimproved wool and other wool not finer than 40s fall under HS Code 51012915. This code is used to classify and categorize specific types of wool for international trade purposes. Understanding this code and its associated data is essential for importers, exporters, and anyone involved in the wool industry.
Product Description:
HS Code 51012915 refers to unimproved wool and other wool that is not finer than 40s. This wool is degreased, meaning it has undergone a process to remove its natural oils. It is not further processed, shorn, carded, or combed. Additionally, this type of wool is not intended for special uses. The code provides a clear description of the product, allowing traders to accurately identify and classify the wool.
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate for HS Code 51012915 is free. This means 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. The free duty rate promotes fair trade and equal treatment among countries.
Quantity Unit:
The quantity unit for HS Code 51012915 is clean yield kilograms (CYK). Clean yield refers to the weight of the wool after it has been cleaned and processed. This unit of measurement allows for standardized calculations and trade transactions.
Special Tariff Preference Programs:
HS Code 51012915 is eligible for various special tariff preference programs. These programs offer different duty rates or duty-free treatment based on the country of import. The following special tariff preference programs apply to this HS Code:
1. Free (BH, CA, CL, IL, JO, MA, MX, OM, SG): This means that specific countries, including Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, and Singapore, can import the wool under duty-free conditions.
2. 2.6?/kg + 2.1% (AU): Australia has a special rate for importing HS Code 51012915, which includes a duty rate of 2.6? per kilogram plus an additional 2.1% of the value of the wool.
3. 3.2?/kg + 2.6% (P): Peru has a special rate for importing HS Code 51012915, which includes a duty rate of 3.2? per kilogram plus an additional 2.6% of the value of the wool.
4. 3.9?/kg + 3.9% (PE): The Dominican Republic-Central American Special Rate (DR-CAFTA) applies to importing HS Code 51012915 into Peru. This rate includes a duty rate of 3.9? per kilogram plus an additional 3.9% of the value of the wool.
Importing and Exporting US States:
HS Code 51012915 is used for international trade involving unimproved wool and other wool not finer than 40s. Therefore, it does not specifically mention importing or exporting US states. However, US states that are involved in the import or export of this type of wool would need to comply with the applicable regulations and tariffs associated with the HS Code.
Understanding the HS Code 51012915 and its associated data is vital for individuals and businesses engaged in the wool industry. It provides a standardized classification system, duty rates, and special tariff preference programs for accurate and efficient international trade.
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