Yarn plays a vital role in the textile industry, serving as the basic building block for the production of various fabrics and clothing items. HS Code 51061000 specifically refers to yarn of carded wool, which contains 85 percent or more by weight of wool and is not put up for retail sale.
The Harmonized System (HS) is an internationally recognized system for classifying traded products. Each product is assigned a unique HS code, which is used by customs authorities worldwide to determine the applicable duties and regulations for importing or exporting goods.
In the case of HS Code 51061000, it represents yarn made from carded wool. Carding is a process where fibers are aligned and separated to create a smooth, consistent yarn. The code specifies that the yarn must contain at least 85 percent wool by weight, ensuring its high-quality and warmth-providing properties.
The bound or Most Favored Nation (MFN) duty rate for HS Code 51061000 is 6%. The MFN principle ensures 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 means that regardless of the country of origin, any yarn of carded wool falling under HS Code 51061000 will be subjected to a 6% duty rate when imported into a country that applies this tariff.
The quantity unit for HS Code 51061000 is kilograms (KG). This means that the weight of the imported or exported yarn will be measured in kilograms, allowing for accurate trade calculations and documentation.
Several countries offer special tariff preference programs for imports of yarn of carded wool under HS Code 51061000. These programs aim to promote trade relations and provide economic benefits to both importing and exporting countries.
Additionally, Morocco offers a special rate of 0.6% for imports of yarn of carded wool under HS Code 51061000, while Oman applies a special rate of 4.8% for the same product.
HS Code 51061000 allows for the import and export of yarn of carded wool between various US states. The specific states involved in these transactions may vary depending on the demand for the product and the presence of wool processing facilities.
By facilitating the trade of this yarn within the United States, HS Code 51061000 supports domestic textile production and ensures a steady supply of high-quality wool yarn for the manufacturing industry.
HS Code 51061000 represents yarn of carded wool, containing 85 percent or more by weight of wool, and not put up for retail sale. It is subject to a 6% duty rate and is measured in kilograms. Various countries offer special tariff preference programs for imports of this yarn, promoting trade relations and providing economic benefits. Additionally, the code allows for the import and export of this yarn within the United States, supporting domestic textile production.