The HS Code 51099020 refers to yarn made of wool, which is colored and cut into uniform lengths of not over 8 cm. This yarn contains less than 85% by weight of wool and is put up for retail sale. It is important to understand the various aspects of this HS Code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The product described under HS Code 51099020 is yarn made of wool. It is colored and cut into uniform lengths not exceeding 8 cm. This yarn is specifically designed for retail sale, indicating that it is packaged and ready for direct purchase by consumers.
The requirement of containing less than 85% by weight of wool suggests that the yarn may contain other fibers or materials in addition to wool. This information is crucial for consumers who have specific preferences or sensitivities to certain materials.
The bound or Most Favored Nation (MFN) duty rate for the HS Code 51099020 is free. This means that countries must eliminate trade barriers or open up their markets for the same goods or services from all their trading partners without imposing any additional duties or taxes.
This duty rate encourages fair trade practices and equal treatment among trading partners. It ensures that countries do not discriminate against specific goods or services based on their origin.
The quantity unit for the HS Code 51099020 is kilograms (KG). This unit of measurement is used to determine the weight of the yarn being imported or exported. It allows for accurate calculations and standardized reporting of trade data.
The special tariff preference programs applicable to the HS Code 51099020 vary depending on the country of import. The following countries offer preferential treatment for this product:
These special tariff preference programs aim to promote trade between the countries involved by reducing or eliminating import duties on the specified product. They encourage economic cooperation, market access, and international trade relations.
The HS Code 51099020 may be imported into and exported from various states within the United States. The specific states involved in the import/export of this product depend on the trading activities and market demand.
It is essential for businesses and individuals involved in the import/export industry to be aware of the specific regulations, requirements, and documentation needed when dealing with the HS Code 51099020. This knowledge ensures compliance with customs and trade laws, facilitating smooth and lawful trade operations.
the HS Code 51099020 pertains to yarn made of wool, colored, and cut into uniform lengths for retail sale. It carries a free bound/MFN duty rate and is measured in kilograms. Several countries offer special tariff preference programs for this product, promoting trade facilitation and economic cooperation. Understanding the details of this HS Code is crucial for businesses and individuals involved in the international trade of wool yarn.