The HS Code 51072060 refers to a specific product description: Yarn of combed wool, containing less than 85 percent by weight of wool, not put up retail sale, nesoi. This code is used to classify and track the import and export of this particular type of yarn.
When importing or exporting goods, it is important to understand the relevant HS code as it helps to determine the applicable customs duties, trade barriers, and market access conditions. For HS Code 51072060, the bound or Most Favored Nation (MFN) duty rate is 6%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 51072060 is kilograms (KG). This unit is used to measure the weight of the yarn being imported or exported.
There are also special tariff preference programs available for HS Code 51072060. These programs offer different duty rates depending on the country of origin or destination. In some cases, the yarn may be eligible for duty-free treatment, while in other cases, a specific percentage of duty may apply. Here is a breakdown of the special tariff preference programs for HS Code 51072060:
It is important to note that these special tariff preference programs are subject to change and may have additional conditions or requirements. Importers and exporters should consult the relevant authorities or seek professional advice to ensure compliance with the applicable regulations.
HS Code 51072060 is used for importing yarn of combed wool into the United States. The exporting countries may vary, but some common examples include Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Peru, Singapore, Morocco, and Oman. These countries have specific trade agreements or preferential programs in place that allow for the importation of this yarn under certain conditions or duty rates.
HS Code 51072060 is a specific code used to classify and track the import and export of yarn of combed wool. Understanding this code is essential for determining the applicable customs duties, trade barriers, and market access conditions. The special tariff preference programs available for this code offer different duty rates depending on the country of origin or destination. Importers and exporters should stay informed about the latest regulations and consult the relevant authorities to ensure compliance.