The HS Code 51013070 refers to unimproved wool and other wool that is finer than 46s. This type of wool has undergone carbonization and further processing but has not been carded or combed. Let's explore more about this HS code and its implications in international trade.
The bound / MFN duty rate for products classified under HS Code 51013070 is 6.5 cents per kilogram (KG) plus 5.3% of the value. This means that when 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 ensures fair and equal treatment in international trade.
When importing or exporting products classified under HS Code 51013070, the quantity unit used is kilograms (KG). This standard unit of measurement allows for consistency and ease of trade between countries.
There are also special tariff preference programs available for products classified under HS Code 51013070. These programs offer reduced or zero-duty rates for certain countries. The following are some examples of special tariff preference programs:
These special tariff preference programs aim to promote trade relations between countries and provide incentives for importing and exporting specific goods.
When it comes to importing products classified under HS Code 51013070, the United States does not impose any specific state restrictions. Therefore, these products can be imported into any state within the United States.
Similarly, when exporting products classified under HS Code 51013070 from the United States, there are no specific state restrictions. This means that these products can be exported from any state within the United States.
HS Code 51013070 corresponds to unimproved wool and other wool finer than 46s that have undergone carbonization and further processing without being carded or combed. This HS code has a bound / MFN duty rate and is eligible for various special tariff preference programs. Understanding the implications of this HS code is essential for businesses involved in international trade.