The HS Code 51013065 refers to unimproved wool and other wool, which is not finer than 46s. This type of wool has undergone carbonization and further processing but has not been carded or combed.
When importing or exporting goods, it is essential to understand the HS code as it helps classify products for customs purposes. The HS code is an internationally recognized system that standardizes the classification of traded goods. Each HS code is a six-digit number that provides information about the product, its origin, and any applicable trade regulations.
The product description for HS Code 51013065 specifies that it includes unimproved wool and other wool varieties. Unimproved wool refers to wool that has not undergone any significant processing, such as carding or combing. This type of wool contains impurities and may have a coarse texture. The wool is also carbonized, which is a process that removes impurities by subjecting the wool to high temperatures.
The HS code 51013065 is associated with a bound/MFN (Most Favored Nation) duty rate, which means that countries must apply the same tariff rate for this product to all trading partners. This principle ensures fair and non-discriminatory trade practices. If a country lowers a trade barrier or opens up its market, it must do so for all goods or services from its trading partners.
The quantity unit for HS Code 51013065 is kilograms (KG). This means that the product is measured and traded in kilograms.
There are also special tariff preference programs associated with HS Code 51013065. These programs provide specific duty rates or duty-free treatment for certain countries. For example:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved. They provide benefits such as reduced or eliminated tariffs, which can make the import or export of HS Code 51013065 more cost-effective for eligible countries.
When importing HS Code 51013065 into the United States, it is essential to consider the specific regulations and requirements of the importing and exporting states. Different states may have additional regulations or restrictions on the import or export of certain products. Compliance with these regulations is crucial to ensure smooth customs clearance and avoid any legal issues.
Overall, HS Code 51013065 represents unimproved wool and other wool varieties that have undergone carbonization and further processing. Understanding the HS code and its associated regulations is vital for businesses involved in international trade, as it helps ensure compliance with customs requirements and take advantage of any applicable tariff preference programs.