The HS Code 51082030 refers to yarn made from the hair of Angora rabbits, which has been combed and is not packaged for retail sale. This article will provide an in-depth understanding of this specific product, its import and export regulations, as well as any special tariff preference programs associated with it.
When importing or exporting goods, it is essential to classify them correctly using the Harmonized System (HS) Code. The HS Code is an internationally standardized system for classifying products, enabling uniformity in trade documentation and customs procedures. HS Code 51082030 specifically identifies yarn made from the hair of Angora rabbits.
The product description states that the yarn is combed, indicating that it has undergone a specific process to remove impurities and align the fibers, resulting in a smoother and more uniform yarn. It is important to note that this yarn is not put up for retail sale, meaning it is not packaged in a way that is suitable for direct consumer purchase.
Now let's delve into the import and export regulations associated with HS Code 51082030. When importing this product, the bound or most-favored-nation (MFN) duty rate is 4%. The MFN duty rate applies whenever a country lowers a trade barrier or opens up a market, ensuring that the same goods or services from all trading partners receive equal treatment.
The quantity unit for this product is kilograms (KG), which indicates that the weight of the yarn is measured in this unit. It is crucial to accurately document the quantity of goods being imported or exported to comply with customs requirements.
Additionally, several special tariff preference programs are available for this product. The following countries or regions offer duty-free treatment for HS Code 51082030: Australia (AU), Bahrain (BH), Canada (CA) through NAFTA (North American Free Trade Agreement), Chile (CL), Israel (IL), Jordan (JO), Morocco (MA), Mexico (MX) through NAFTA, Panama (P), Peru (PE), and Singapore (SG).
Moreover, there is a special rate of 3.2% applicable to HS Code 51082030 when importing into Oman (OM). This rate indicates a reduced duty percentage compared to the MFN rate, providing an advantage for importers in Oman.
It is important for importers and exporters to be aware of these special tariff preference programs. They can significantly impact the cost and competitiveness of the product in different markets. Utilizing these programs can help businesses reduce expenses and increase their market share.
HS Code 51082030 pertains to yarn made from the hair of Angora rabbits, which has been combed and is not packaged for retail sale. Understanding the specific HS Code and associated import and export regulations is crucial for smooth trade operations. Furthermore, being aware of special tariff preference programs can provide businesses with a competitive advantage in the global market.