When it comes to the treatment of leather, furskins, or other materials, HS Code 34039150 plays a crucial role in international trade. This code specifically refers to preparations not elsewhere specified or included (nesoi) that are used for the treatment of these materials. In this article, we will explore the various aspects of this HS code, including its product description, duty rates, quantity units, and special tariff preference programs.
The product description for HS Code 34039150 is "Preparations nesoi, for the treatment of leather, furskins, or other materials nesoi." This code encompasses a wide range of preparations that are used in the treatment and processing of leather, furskins, and other similar materials. These preparations may include chemicals, dyes, solvents, and other substances that are necessary for the proper treatment and enhancement of these materials.
The bound or most-favored-nation (MFN) duty rate for HS Code 34039150 is 6.5%. The MFN duty rate is the rate that applies to imports from all trading partners, ensuring that trade barriers are lowered equally for all countries. 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.
The quantity unit for HS Code 34039150 is kilograms (KG). This unit of measurement is used to quantify the weight of the preparations being imported or exported under this HS code. It allows for accurate measurement and tracking of the quantities involved in international trade transactions.
HS Code 34039150 is eligible for several special tariff preference programs, which provide preferential treatment or duty-free access to certain countries. The following special tariff preference programs apply to imports under this HS code:
These special tariff preference programs aim to promote trade and economic development by providing favorable conditions for certain countries or regions. Importers and exporters under HS Code 34039150 can take advantage of these programs to reduce or eliminate import duties, making their products more competitive in the global market.
While HS Code 34039150 is applicable to imports and exports throughout the United States, the data provided indicates that the most significant trade activity for this code is centered around the states of West Virginia and Ohio.
West Virginia appears to be the primary destination for imports under HS Code 34039150, with numerous shipments recorded from various exporting US states. Meanwhile, Ohio is also involved in both import and export transactions related to this HS code.
This indicates that these states play a significant role in the trade of preparations for the treatment of leather, furskins, or other materials under HS Code 34039150, potentially due to the presence of industries or businesses involved in the processing and treatment of these materials.
Overall, HS Code 34039150 is a crucial code in international trade, facilitating the movement of preparations for the treatment of leather, furskins, or other materials. Understanding the product description, duty rates, quantity units, and special tariff preference programs associated with this code can help importers, exporters, and businesses make informed decisions and take advantage of the benefits provided by these trade regulations.