When it comes to international trade, every product is classified with a specific HS code. These codes play a crucial role in determining the customs duties, regulations, and restrictions associated with importing and exporting goods. One such HS code is 51012965, which is assigned to unimproved wool and other wool, not finer than 46s, that is not shorn, carbonized, degreased, or further processed, and not carded or combed.
Unimproved wool refers to wool that has not undergone any additional processing beyond the initial shearing of the sheep. It retains its natural state, with impurities such as dirt, grease, and vegetable matter still present. This type of wool is commonly used in the production of coarse textiles and carpets.
Wool with a fineness of 46s refers to the count or thickness of individual wool fibers. The "s" in 46s stands for "skein," which is a unit of length used to measure the fineness of wool. A higher s number indicates finer wool, while a lower s number indicates coarser wool. Wool with a fineness of 46s is considered relatively coarse and is suitable for applications where durability and insulation are more important than softness.
Now let's explore the various aspects of HS code 51012965 in more detail:
The bound / MFN (Most Favored Nation) duty rate for HS code 51012965 is free. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. Therefore, countries importing unimproved wool and other wool, not finer than 46s, do not have to pay any customs duties.
The quantity unit for HS code 51012965 is kilograms (KG). This indicates that the measurement and pricing of this product are based on weight.
HS code 51012965 is eligible for special tariff preference programs in several countries. Here are some of the programs and the corresponding rates:
These special tariff preference programs allow eligible countries to import HS code 51012965 either duty-free or at a reduced duty rate. This encourages trade and strengthens economic relationships between countries.
HS code 51012965 can be imported into and exported from various US states. The specific states involved in the import and export of this product may vary depending on market demand and the availability of domestic wool production. However, some of the major wool-producing states in the US include Texas, California, Wyoming, Colorado, and Montana.
It is important for businesses and individuals involved in the import or export of unimproved wool and other wool, not finer than 46s, to understand the regulations and requirements associated with HS code 51012965. This ensures compliance with customs procedures and facilitates smooth international trade.
HS code 51012965 represents unimproved wool and other wool, not finer than 46s, that has not undergone extensive processing. This code allows for the classification, regulation, and trade of this specific type of wool, ensuring transparency and consistency in international commerce.