HS Code 41015035: Whole Raw Buffalo Hides and Skins
Whole raw buffalo hides and skins fall under HS Code 41015035. These hides and skins are of a weight over 16 kg and have a surface area over 2.6 sq m. They are pretanned but not further prepared. In this article, we will explore the details of this HS code and discuss its implications in international trade.
HS codes, also known as Harmonized System codes, are a standardized system used globally to classify traded products. They are used by customs authorities to determine the appropriate duties and regulations for imported and exported goods. The HS code 41015035 specifically refers to whole raw buffalo hides and skins.
When it comes to the duty rates for products under this HS code, a bound/MFN (Most Favored Nation) duty rate of 2.4% is applied. The MFN principle states 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 ensures fair and non-discriminatory treatment in international trade.
The quantity unit for this product is measured in pieces (PCS). This indicates that the quantity of whole raw buffalo hides and skins is counted individually.
There are also special tariff preference programs associated with this HS code. The following countries enjoy preferential treatment under these programs:
- Free: Generalized System of Preferences (GSP) - This program provides duty-free treatment for eligible products from various developing countries.
- Australia Special Rate
- Bahrain Special Rate
- NAFTA (North American Free Trade Agreement) for Canada - This agreement ensures duty-free treatment for eligible products traded between Canada, the United States, and Mexico.
- Chile Special Rate
- Caribbean Basin Initiative (CBI) - This program offers preferential treatment for eligible products from designated Caribbean countries.
- Israel Special Rate - This program provides duty-free treatment for eligible products from Israel.
- Andean Trade Preference Act (ATPA) - This act grants preferential treatment for eligible products from designated Andean countries.
- Jordan Special Rate
- Morocco Special Rate
- NAFTA for Mexico
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA) - This agreement provides preferential treatment for eligible products traded between the United States and certain Central American countries.
- Peru Special Rate
- Singapore Special Rate
When importing whole raw buffalo hides and skins under this HS code, the exporting US states include Colorado, Kansas, and Nebraska. These states are known for their buffalo farming and production of buffalo hides and skins.
HS Code 41015035 refers to whole raw buffalo hides and skins. This code helps customs authorities classify and regulate the import and export of these products. The associated duty rate, quantity unit, and special tariff preference programs provide important information for businesses and traders involved in international trade. Understanding the implications of HS codes is essential for ensuring compliance and taking advantage of preferential trade agreements.
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