The HS Code 51053100 refers to the trade classification for fine hair of Kashmir (cashmere) goats that has been carded or combed. This code is used to identify and categorize this specific product for import and export purposes. Understanding this code is essential for businesses and individuals involved in international trade.
The product description provides important details about the specific type of hair included in this HS code. It specifies that the hair comes from Kashmir (cashmere) goats and is either carded or combed. This information is crucial for identifying the characteristics and quality of the product.
The bound or most-favored-nation (MFN) duty rate for HS Code 51053100 is 6.8 cents per kilogram (kg) plus an additional 5.5% of the value. This means that importers or exporters of this product are required to pay this duty rate when trading with other countries. It's important to note that whenever 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.
The quantity unit for this HS code is kilograms (kg). This unit of measurement is commonly used in trade to determine the weight and quantity of the product being imported or exported.
There are also special tariff preference programs available for HS Code 51053100. Some countries offer free trade for this product, while others have specific rates and conditions. The countries offering free trade for this product include Australia (AU), Bahrain (BH), Canada (CA), Chile (CL), Israel (IL), Jordan (JO), Morocco (MA), Mexico (MX), Peru (P), Singapore (SG). On the other hand, Oman (OM) offers a rate of 5.4?/kg plus an additional 4.4% for this product.
It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost and competitiveness of the product in different markets. Understanding the specific rates and conditions for each country can help businesses make informed decisions regarding their trade strategies.
When importing or exporting HS Code 51053100, it is also necessary to consider the specific importing and exporting US states. Different states within the US may have their own regulations and requirements for this product. Complying with these regulations is crucial to ensure smooth and legal trade operations.
HS Code 51053100 is used to classify and identify fine hair of Kashmir (cashmere) goats that has been carded or combed. Understanding this code is essential for businesses and individuals involved in international trade. The product description, bound duty rate, quantity unit, and special tariff preference programs provide important information for importers and exporters. Additionally, being aware of the specific importing and exporting US states is crucial to comply with regulations and ensure successful trade operations.