In the world of international trade, the Harmonized System (HS) Code plays a crucial role in the classification of goods. It is a standardized system used globally to classify and identify different products for customs, trade, and statistical purposes. Each HS Code represents a specific product or category of products.
One such HS Code is 99025113, which refers to yarn made of combed wool. This particular code is used to identify and classify yarn that is not put up for retail sale and contains 85% or more wool. Additionally, the yarn must have an average fiber diameter of 18.5 microns or less.
When importing or exporting goods, it is essential to accurately identify and classify the products using the appropriate HS Code. This classification helps customs authorities, trade agencies, and businesses determine the applicable duties, regulations, and restrictions for the specific product.
The product description for HS Code 99025113 can be summarized as follows:
This HS Code is specific to yarn made of combed wool that meets the mentioned criteria. It helps in distinguishing this type of yarn from others and facilitates trade and customs procedures.
The bound duty rate for HS Code 99025113 is free. The term "bound duty rate" refers to the maximum amount of duty that a country can impose on a specific product. In this case, the duty rate for yarn made of combed wool is set to zero, meaning there are no additional import duties or tariffs applied.
This preferential treatment encourages trade and ensures that countries do not discriminate against specific products or trading partners. It allows for fair and equal treatment of goods from all trading partners.
The quantity unit for HS Code 99025113 is not available (NA). This indicates that the specific HS Code does not have a standard unit of measurement associated with it. The quantity of yarn made of combed wool is likely to be measured and reported in a different unit, such as kilograms or meters.
Special tariff preference programs are trade agreements or arrangements between countries that provide certain benefits or advantages in terms of tariffs and duties. These programs aim to promote trade, economic cooperation, and development between the participating countries.
For HS Code 99025113, there may be special tariff preference programs available that provide reduced or eliminated duties for importing or exporting this specific type of yarn. These programs can vary from country to country and may be bilateral or multilateral agreements.
While not explicitly mentioned in the given data, it is worth noting that the HS Code 99025113 applies to international trade involving the United States. When importing yarn made of combed wool under this HS Code, the importing states within the US would be responsible for applying the relevant customs procedures, duties, and regulations.
Similarly, when exporting this type of yarn from the United States, the exporting states would need to comply with the necessary documentation and requirements for international trade. These states play a crucial role in facilitating the export process and ensuring compliance with trade regulations.
HS Code 99025113 represents yarn made of combed wool that is not put up for retail sale and meets specific criteria regarding wool content and fiber diameter. Understanding and correctly using HS Codes is essential for efficient international trade, customs clearance, and compliance with trade regulations.