The HS Code 51100000 refers to yarn made from coarse animal hair or horsehair, including gimped horsehair yarn, whether or not it is put up for retail sale. This code is used to classify and identify this specific type of yarn in international trade.
When it comes to trade barriers and market access, countries have to ensure that they treat all their trading partners equally. This means that if 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. In the case of HS Code 51100000, the bound or most favored nation (MFN) duty rate is free, indicating that there are no additional duties or tariffs imposed on this type of yarn.
The unit of quantity for this HS code is kilograms (KG), which is the standard unit used for measuring the weight of yarn.
There are also special tariff preference programs in place for the import of yarn classified under HS Code 51100000. These programs offer reduced or zero tariffs for specific countries. The following countries enjoy special tariff rates for this product:
In addition to these special tariffs, Morocco has a special rate of 0.6% for importing yarn under HS Code 51100000.
It is important to note that the importing and exporting of this yarn can take place between any US state and any other US state, as there are no specific restrictions or limitations imposed on the domestic trade of this product.
HS Code 51100000 plays a crucial role in international trade by providing a standardized classification for yarn made from coarse animal hair or horsehair. Understanding the various tariff rates and special preferences associated with this code is essential for businesses engaged in the import and export of this product.