The HS Code 51012940 pertains to a specific category of wool that is finer than 46s, degreased, and not further processed, shorn, carded, or combed, and not intended for special uses. In this article, we will delve into the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
HS Code 51012940 encompasses wool that does not fall under the category of unimproved. Unimproved wool refers to raw wool that is not processed or treated in any way. The wool covered by this HS code is of a finer quality, indicating a higher degree of fineness, which affects its softness and overall quality. Additionally, this wool has been degreased to remove any natural oils present.
This specific category of wool is not further processed, meaning it has not undergone any additional treatments such as dyeing, spinning, or weaving. It is also not shorn, indicating that it has not been sheared from the animal. Furthermore, this wool is not carded or combed, which are processes used to align the fibers and remove impurities.
It is important to note that this wool is not intended for special uses. Special uses may include specific applications in industries such as fashion, textiles, or manufacturing where certain properties or characteristics of the wool are required.
The bound or Most Favored Nation (MFN) duty rate for HS Code 51012940 is 20.6 cents per clean kilogram. The MFN duty rate is the rate applied to imports from all trading partners, ensuring equal treatment for all countries when it comes to trade barriers and market access.
It is worth mentioning 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 principle of non-discrimination is a fundamental aspect of international trade agreements.
The quantity unit for HS Code 51012940 is clean yield kilograms (CYK). Clean yield kilograms refer to the weight of the wool after it has been degreased, removing any impurities or foreign substances. This measurement unit helps in determining the exact quantity of clean wool being imported or exported.
HS Code 51012940 is eligible for various special tariff preference programs. These programs offer preferential treatment in terms of duty rates for specific countries and regions. The following countries and regions grant special tariff preferences for this HS code:
In addition to the above special tariff preference programs, Australia offers a special rate of 8.2 cents per clean kilogram for HS Code 51012940.
HS Code 51012940 is applicable to wool imports and exports in the United States. The specific states involved in the import and export of this wool may vary depending on market demand and supply. However, some of the major states involved in wool imports and exports in the US include:
These states have a significant presence in the wool industry and play a crucial role in the import and export of wool products.
HS Code 51012940 encompasses a specific category of wool that is finer than 46s, degreased, and not further processed, shorn, carded, or combed. It carries a bound duty rate of 20.6 cents per clean kilogram and is measured in clean yield kilograms. Various special tariff preference programs provide preferential treatment for this HS code, and it is involved in wool imports and exports across different states in the United States.