The HS Code 51099080 refers to yarn made of wool or fine animal hair that is not elsewhere specified, with a wool or hair content of less than 85%. This type of yarn is specifically intended for retail sale, and it has an average diameter of 18.5 microns or less.
When importing or exporting products, it is essential to understand the HS Code classification. HS Codes are used internationally to classify traded goods and facilitate customs procedures. They provide a standard system for identifying and categorizing products, ensuring consistency in trade documentation and tariffs.
The specific HS Code 51099080 is used to classify yarn made of wool or fine animal hair that meets the aforementioned criteria. This code enables customs authorities and traders to easily identify and track these specific products.
The bound / MFN (Most Favored Nation) duty rate for products classified under HS Code 51099080 is 6%. The MFN principle ensures that when 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 rate applies to all countries and ensures fair and equal treatment in international trade.
The quantity unit for products classified under HS Code 51099080 is kilograms (KG). This unit of measurement is widely used in international trade to quantify the weight or mass of goods being imported or exported. It provides a standardized method for determining the quantity of yarn involved in trade transactions.
Products classified under HS Code 51099080 may qualify for special tariff preference programs in certain countries. These programs provide reduced or duty-free rates for imports, encouraging trade and economic cooperation between nations.
The following countries offer special tariff rates for products classified under HS Code 51099080:
These special tariff preference programs aim to facilitate trade and enhance economic relationships between countries. Importers and exporters should take advantage of these programs to benefit from reduced duties and promote international commerce.
Products classified under HS Code 51099080 can be imported into and exported from various US states. The specific states involved in the import and export of these products may vary depending on market demand and trade relationships.
It is crucial for traders and businesses to identify potential importing and exporting states for products classified under HS Code 51099080. This information can help them target specific markets and optimize their trade operations.
HS Code 51099080 pertains to yarn made of wool or fine animal hair, suitable for retail sale, with specific characteristics regarding wool fiber diameter. Understanding the HS Code classification, duty rates, quantity units, and special tariff preference programs is essential for successful international trade involving these products. Importers and exporters should leverage this knowledge to navigate customs procedures, take advantage of preferential tariffs, and expand their market reach.