Yarn is an essential component in the textile industry, providing the foundation for the creation of various fabrics and garments. Among the many types of yarn available, Mohair stands out for its unique qualities and luxurious texture. In this article, we will delve into the details of HS Code 51082040, which specifically refers to yarn of Mohair that is combed and not put up for retail sale.
HS Code 51082040 is used to classify and identify shipments of Mohair yarn in international trade. It serves as a universal product identifier, allowing customs authorities and traders to easily identify and categorize the goods being imported or exported.
The product description associated with HS Code 51082040 specifies that the yarn is combed, indicating a meticulous process of removing impurities and aligning the fibers to ensure a smooth and consistent texture. This level of quality control is important in the textile industry, as it directly affects the final appearance and feel of the fabrics produced using this type of yarn.
Furthermore, the yarn covered by HS Code 51082040 is not put up for retail sale. This means that it is typically sold in bulk quantities to manufacturers, who will then use it as a raw material in their production processes. The absence of retail packaging allows for cost savings and greater flexibility in terms of customization and utilization of the yarn.
When it comes to international trade, the Bound / MFN (Most Favored Nation) duty rate for HS Code 51082040 is set at 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 principle promotes fair and equal treatment in global commerce.
The quantity unit for HS Code 51082040 is kilograms (KG). This standard unit of measurement allows for consistency and clarity in trade transactions, enabling accurate calculation of quantities and pricing.
Special tariff preference programs are in place for HS Code 51082040 in various countries. Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Panama, Peru, and Singapore offer duty-free treatment for this product. On the other hand, Oman applies a special rate of 3.2% for imports of Mohair yarn.
It is worth noting that the United States, as an importing country, receives shipments of HS Code 51082040 from various exporting countries. The specific states within the US that import this product may vary, depending on factors such as domestic demand, manufacturing capabilities, and trade agreements.
HS Code 51082040 pertains to yarn of Mohair that has undergone the process of combing and is not intended for retail sale. This code facilitates international trade by providing a standardized classification system and promotes fair treatment through the Bound / MFN duty rate. Understanding the specifics of this HS Code is crucial for traders, customs authorities, and industry professionals involved in the global textile trade.