Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 51012970: A Comprehensive Guide

The HS Code 51012970 refers to a specific type of wool that is finer than 46s, not carded or combed, not carbonized, not shorn, and has been degreased and processed to remove grease. This article aims to provide an extensive and educational guide about this HS Code, including its product description, duty rates, quantity unit, and special tariff preference programs.

Product Description

The product description for HS Code 51012970 is wool that is finer than 46s. This means that the wool fibers are thinner and of higher quality compared to coarser wool varieties. The wool must also meet specific criteria: it should not be carded or combed, carbonized, or shorn. Additionally, the wool must undergo a degreasing process to remove any remaining grease.

Duty Rates

The bound or MFN (Most Favored Nation) duty rate for HS Code 51012970 is 6.5 cents per kilogram (KG) plus an additional 5.3% ad valorem rate. This means that for every kilogram of wool imported under this HS Code, a duty of 6.5 cents plus 5.3% of the value of the wool will be levied. It is important to note that the duty rate may vary depending on the specific country and its trade policies.

Quantity Unit

The quantity unit for HS Code 51012970 is kilograms (KG). This means that the weight of the wool being imported or exported will be measured and calculated in kilograms.

Special Tariff Preference Programs

There are several special tariff preference programs associated with HS Code 51012970. These programs offer reduced or duty-free rates for the import or export of wool under this HS Code. The following are the special tariff preference programs and the associated rates:

• Free: This rate applies to countries such as Bahrain (BH), Canada (CA), Chile (CL), Israel (IL), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), and Singapore (SG). Wool imported from or exported to these countries under HS Code 51012970 is eligible for duty-free treatment.
• 2.6?/kg + 2.1%: Australia (AU) offers this rate for wool imported or exported under HS Code 51012970. It includes a duty rate of 2.6 cents per kilogram plus an additional 2.1% ad valorem rate.
• 3.2?/kg + 2.6%: This rate applies to wool imported or exported to or from Peru (PE). It includes a duty rate of 3.2 cents per kilogram plus an additional 2.6% ad valorem rate.
• 3.9?/kg + 3.9%: Wool imported or exported under HS Code 51012970 to or from the Dominican Republic-Central American Special Rate (DR-CAFTA) is subject to a duty rate of 3.9 cents per kilogram plus an additional 3.9% ad valorem rate.

Importing and Exporting US States

As for the specific importing and exporting US states for HS Code 51012970, further information is not provided in the given data. However, it is important to note that the HS Code system is used internationally to classify and categorize goods for trade purposes. Therefore, this HS Code can be used by any country, including the United States, for imports or exports of wool meeting the specified criteria.

HS Code 51012970 represents a specific type of wool that is finer than 46s, not carded or combed, not carbonized, not shorn, and has been degreased and processed to remove grease. It is essential for importers, exporters, and traders to be familiar with the relevant duty rates, quantity units, and special tariff preference programs associated with this HS Code to ensure compliance and make informed decisions in international trade.