The Harmonized System (HS) Code 51052100 refers to combed wool in fragments. This code is used to classify and identify this specific 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, and special tariff preference programs.
Combed wool in fragments is a type of wool that has been processed to remove impurities and align the fibers in a parallel manner. This process results in a smoother and more refined yarn. Combed wool is often used in the production of high-quality textiles, such as suits, coats, and blankets.
The bound or Most Favored Nation (MFN) duty rate for HS Code 51052100 is 3.7 cents per kilogram (KG) plus 3% of the value. This duty rate is applicable whenever a country lowers a trade barrier or opens up a market for the same goods or services from all its trading partners. It ensures fair and equal treatment for all trading partners.
The quantity unit for HS Code 51052100 is kilograms (KG). This unit is used to measure the weight of the combed wool in fragments being imported or exported.
There are several special tariff preference programs applicable to HS Code 51052100. These programs provide certain countries with preferential treatment or exemptions from duty payments. The following are the special tariff preference programs for this HS Code:
Under these programs, the specified countries enjoy either duty-free treatment or reduced duty rates when importing or exporting combed wool in fragments. This promotes trade and strengthens economic ties between the participating countries.
HS Code 51052100 applies to imports and exports of combed wool in fragments to and from various US states. The specific states involved in the import and export of this product may vary depending on market demand and trade relationships.
HS Code 51052100 represents combed wool in fragments. It is an essential code used for classifying and identifying this product in international trade. The code encompasses the product description, duty rates, quantity unit, and special tariff preference programs. Understanding and complying with this code is crucial for businesses engaged in the import and export of combed wool in fragments.