The HS Code 51091020 refers to a specific type of yarn made of wool. This yarn is colored and cut into uniform lengths of not over 8 cm. It is also put up for retail sale, meaning it is packaged and ready for purchase by consumers.
When importing or exporting this product, it is important to be aware of the associated trade barriers and duty rates. The Bound / MFN duty rate for this HS code is free. 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. This promotes fair and equal trade practices.
The quantity unit for this product is kilograms (KG). This is the standard unit of measurement used for calculating the weight of the yarn during import or export transactions.
There are also special tariff preference programs available for this HS code. In Australia, Bahrain, Canada, Chile, Israel, Jordan, Morocco, Mexico, Peru, and Singapore, the tariff rate is free. This means that these countries offer duty-free treatment for the importation of this yarn. However, in Oman, the special rate is 3.2%. This means that a 3.2% duty must be paid when importing this product into Oman.
When importing this yarn into the United States, it is important to consider the exporting states. The specific states from which this product can be exported to the United States may vary depending on trade agreements and regulations.
the HS Code 51091020 represents yarn made of wool that is colored, cut into uniform lengths of not over 8 cm, and put up for retail sale. It is important to be aware of the associated trade barriers, duty rates, and special tariff preference programs when importing or exporting this product. By understanding and complying with applicable regulations, businesses can engage in international trade successfully.