The HS Code 51081040 refers to yarn made of mohair, which is a type of fine wool obtained from the Angora goat. This particular HS code specifies that the yarn is carded, meaning that the fibers are aligned and separated before spinning.
The yarn covered by this code is not put up for retail sale, indicating that it is intended for further processing or manufacturing purposes. Yarns in this category are typically used by textile mills, manufacturers, and artisans to produce various products such as clothing, accessories, and home furnishings.
When importing or exporting yarn of mohair under HS Code 51081040, it is important to be aware of the relevant trade regulations and duty rates. The bound or Most Favored Nation (MFN) duty rate for this product is 4%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate for the same goods or services from all its trading partners.
The quantity unit for this HS code is kilograms (KG). This measurement is used to determine the weight of the imported or exported yarn, which is crucial for calculating shipping costs and customs duties.
In addition, there are special tariff preference programs available for yarn of mohair under HS Code 51081040. These programs provide preferential treatment or reduced duty rates for certain countries. The following countries offer free or reduced duty rates for importing yarn of mohair:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating barriers to importation. Importers and exporters should take advantage of these programs to save on customs duties and enhance their competitiveness in the market.
When importing yarn of mohair under HS Code 51081040 into the United States, it is essential to consider the specific states involved in the trade. The exporting US states refer to the states from which the goods are being shipped, while the importing US states are the states where the goods are being received. Understanding these state-specific requirements and regulations is crucial for a smooth importation process.
HS Code 51081040 covers yarn made of mohair, carded, and not put up for retail sale. Importers and exporters of this product should be aware of the applicable duty rates, quantity unit, and special tariff preference programs. By understanding and complying with these regulations, businesses can successfully engage in international trade and benefit from the global market for yarn of mohair.