Garnetted stock of wool or of fine or coarse animal hair is a product that falls under the HS Code 51040000. This HS code is used to classify and identify this specific type of product for international trade purposes. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product description of HS Code 51040000 is garnetted stock of wool or of fine or coarse animal hair. Garnetted stock refers to fibers that have been processed and prepared for further use. This can include fibers from sheep, goats, alpacas, or other animals with wool or coarse hair.
Garnetted stock is often used in various industries such as textiles, manufacturing, and crafts. It can be further processed to create yarns, fabrics, insulation materials, and more. The quality and characteristics of the garnetted stock can vary depending on the type of animal hair used and the specific processing methods.
The bound / MFN (Most Favored Nation) duty rate for HS Code 51040000 is free. This means that no duty or tariff is applied when importing or exporting this product. Countries that have lowered trade barriers or opened up their markets must do so for the same goods or services from all their trading partners. This ensures fair and equal treatment in international trade.
As a result, businesses and individuals involved in the import and export of garnetted stock of wool or animal hair enjoy the benefit of duty-free trade, making it more cost-effective and attractive for international transactions.
The quantity unit for HS Code 51040000 is kilograms (KG). This unit of measurement is used to determine the weight or quantity of garnetted stock being imported or exported. It provides a standardized way to quantify the amount of product being traded, facilitating accurate record-keeping and transactional processes.
HS Code 51040000 is eligible for special tariff preference programs in various countries. These programs provide additional benefits and incentives for importing or exporting garnetted stock of wool or animal hair. The following countries offer special rates or duty-free treatment for this HS code:
These special tariff preference programs aim to promote trade and strengthen economic relationships between countries. They provide businesses with advantages such as reduced import costs, increased market access, and improved competitiveness.
HS Code 51040000 is imported by various states in the United States. The importing US states for garnetted stock of wool or animal hair include:
These states have a demand for garnetted stock and engage in international trade to meet their manufacturing or production needs. Importers in these states play a crucial role in the supply chain and contribute to the domestic economy by sourcing and utilizing this specific type of product.
HS Code 51040000 is exported by various states in the United States. The exporting US states for garnetted stock of wool or animal hair include:
These states have a supply of garnetted stock and actively participate in international trade by exporting to other countries. Exporters in these states contribute to the country's economy by promoting their locally produced garnetted stock to global markets.
HS Code 51040000 represents garnetted stock of wool or of fine or coarse animal hair. This product plays a significant role in various industries and is subject to duty-free trade, special tariff preference programs, and international transactions. Understanding the details of this HS code can help businesses and individuals navigate the complexities of importing and exporting garnetted stock, ensuring compliance and maximizing trade opportunities.