The HS Code 51013030 refers to a specific category of wool products in international trade. This article aims to provide an extensive understanding of this HS code, including its product description, tariff rates, quantity unit, and special tariff preference programs.
HS Code 51013030 covers wool, excluding unimproved, that is finer than 44s but not finer than 46s. The wool is carbonized, which means it has undergone a process to remove impurities. It is not further processed, carded, or combed. This description helps to categorize and classify the wool products for import and export purposes.
The bound or most-favored-nation (MFN) duty rate for HS Code 51013030 is free. This means that countries must apply zero tariffs whenever they lower trade barriers or open up their markets. It ensures that the same goods or services receive equal treatment from all trading partners. The free duty rate promotes fair trade practices and encourages international cooperation.
The quantity unit for HS Code 51013030 is kilograms (KG). Kilograms are commonly used to measure the weight of wool products. This unit provides a standardized measurement for importing and exporting wool, facilitating accurate trade transactions and efficient logistics.
Several countries have special tariff preference programs for HS Code 51013030. These programs offer different tariff rates or duty-free treatment to promote trade and economic cooperation. Here are some examples:
These special tariff preference programs provide varying benefits for importing or exporting HS Code 51013030 products depending on the country involved. It is important for traders to be aware of these programs to take advantage of favorable tariff rates and promote international trade relations.
HS Code 51013030 applies to both importing and exporting wool products in the United States. This means that US states can engage in the trade of wool under this specific HS code. Importers and exporters of wool products need to comply with the regulations and requirements set by the US government to ensure smooth and legal trade transactions.
HS Code 51013030 covers a specific category of wool products in international trade. It is important for traders, importers, and exporters to understand this HS code, its product description, bound / MFN duty rate, quantity unit, and special tariff preference programs. Having this knowledge enables businesses to navigate the complexities of international trade and make informed decisions for successful import and export operations.