Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 51012135: A Comprehensive Guide

The HS Code 51012135 refers to a specific product description, which is wool. More specifically, it encompasses wool that is finer than 44s but not 46s, degreased, not further processed, shorn, and not carded or combed. Additionally, this wool is not intended for special uses.

Understanding HS codes is crucial for international trade as they serve as a standardized system for classifying products. The HS code for a particular product provides valuable information about its characteristics, allowing for easy identification and classification in trade transactions.

When it comes to trade barriers and market accessibility, the Bound / MFN duty rate for HS Code 51012135 is free. This means that whenever 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 promotes fair and equal trade opportunities for all parties involved.

The quantity unit for HS Code 51012135 is measured in clean yield kilograms (CYK). This unit of measurement helps determine the amount of wool in terms of its clean weight, excluding any impurities or unwanted substances.

Furthermore, there are several special tariff preference programs associated with HS Code 51012135. These programs offer specific rates or duty-free treatment for importing and exporting countries. Some of these programs include:

• Bahrain Special Rate: Provides duty-free treatment for wool imports.
• NAFTA for Canada: Offers duty-free treatment for Canadian imports.
• Chile Special Rate: Grants special rates for wool imports from Chile.
• Caribbean Basin Initiative (CBI): Provides preferential treatment for participating Caribbean countries.
• Israel Special Rate: Offers duty-free treatment for wool imports from Israel.
• Andean Trade Preference Act (ATPA): Grants preferential treatment for wool imports from eligible Andean countries.
• Jordan Special Rate: Provides special rates for wool imports from Jordan.
• NAFTA for Mexico: Offers duty-free treatment for Mexican imports.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Provides preferential treatment for participating Central American countries.
• Peru Special Rate: Grants special rates for wool imports from Peru.
• Singapore Special Rate: Offers duty-free treatment for wool imports from Singapore.
• Australia Special Rate: Provides a special rate of 7.4?/clean kg for wool imports from Australia.
• Morocco Special Rate: Grants a special rate of 9.3?/clean kg for wool imports from Morocco.
• Oman Special Rate: Offers a special rate of 11.2?/clean kg for wool imports from Oman.

These special tariff preference programs aim to facilitate trade and promote economic cooperation between countries. By providing reduced or eliminated duty rates, they encourage the import and export of specific goods, such as wool in the case of HS Code 51012135.

It is important to note that HS Code 51012135 applies to both importing and exporting US states. This means that the code is applicable for identifying and classifying wool products both entering and leaving the United States.

HS Code 51012135 denotes a specific type of wool, its characteristics, and its eligibility for various tariff preference programs. Understanding this code is essential for businesses involved in the international trade of wool, as it facilitates accurate classification, identifies duty rates, and helps determine eligibility for special trade programs.