The HS Code 51081080 refers to yarn made of fine animal hair, excluding Angora rabbit hair or mohair. This type of yarn is carded and is not intended for retail sale. It is important to understand the details of this HS code, as it can have implications for trade and import/export regulations.
The bound/MFN duty rate for HS Code 51081080 is 4%. This means 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. This helps create a level playing field and promote fair trade practices.
The quantity unit for this HS code is kilograms (KG). This indicates that the measurement for trade and import/export purposes is based on weight.
There are also special tariff preference programs associated with HS Code 51081080. Some countries offer a duty-free treatment for imports of this yarn, while others have a special rate. The countries that provide duty-free treatment for this HS code include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Peru, and Singapore. Oman offers a special rate of 3.2% for this yarn.
When importing goods under HS Code 51081080 into the United States, it is important to consider the exporting US states. The specific states that export this yarn may vary, and it is crucial to ensure compliance with any regulations or requirements set by both the exporting and importing countries.
Overall, HS Code 51081080 plays a significant role in international trade and import/export regulations. It is essential for businesses and individuals involved in the trade of fine animal hair yarn to understand the details of this HS code and comply with any applicable rules and tariffs.