When it comes to international trade, it is crucial to have a system in place to classify products for customs and statistical purposes. The Harmonized System (HS) is an internationally recognized system used for this purpose. Each product is assigned a unique HS code, which helps streamline trade and ensures consistency across nations.
One such HS code is 51051000, which pertains to carded wool. Carded wool refers to wool fibers that have been processed through a carding machine to align the fibers and remove any impurities. This process results in a more uniform and manageable wool product.
The HS code 51051000 is used to classify carded wool in international trade. It serves as a standard code that facilitates the identification and tracking of this specific product. Importers and exporters rely on this code to ensure accurate classification and proper documentation for customs clearance.
Bound / MFN Duty Rate for HS Code 51051000:
The bound / MFN duty rate for HS code 51051000 is 6.5 cents/kg plus 5.3%. This means that when importing carded wool, a duty of 6.5 cents per kilogram is applied, along with an additional 5.3% of the product's value. It is important to note that this duty rate remains constant regardless of the country of origin.
Quantity Unit for HS Code 51051000: kilograms (KG)
The quantity unit for HS code 51051000 is kilograms (KG). This unit of measurement is commonly used to determine the weight of the imported or exported carded wool. It is essential for accurate pricing, inventory management, and logistics planning.
Special Tariff Preference Programs for HS Code 51051000:
Several countries have implemented special tariff preference programs for HS code 51051000. These programs offer preferential treatment to importing countries, resulting in reduced or eliminated tariffs for carded wool. The specific programs and rates are as follows:
Importing and Exporting US States:
Carded wool classified under HS code 51051000 can be imported and exported from various US states. The specific states involved in the import and export of this product may vary based on market demand and trade relationships. However, the code allows for carded wool to be traded between any US state and its trading partners.
HS code 51051000 plays a vital role in the international trade of carded wool. It provides a standardized classification system, duty rates, and special tariff preference programs for this specific product. Importers, exporters, and customs officials rely on this code to ensure accurate classification, proper documentation, and efficient trade processes.