HS Code 41015040: Whole Raw Bovine Hides and Skins
Whole raw bovine hides and skins are a significant product in the international trade market. With an HS Code of 41015040, these hides and skins are specifically classified as not buffalo, weighing over 16 kg, having a surface area over 2.6 m2, and being vegetable pretanned but not further prepared. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity units, special tariff preference programs, as well as the importing and exporting US states.
Product Description
The HS Code 41015040 refers to whole raw bovine hides and skins that are not derived from buffalo. These hides and skins should have a weight exceeding 16 kg and a surface area over 2.6 m2. Additionally, they must be vegetable pretanned but not further processed. This product description provides specific criteria to classify and identify the goods for international trade purposes.
Bound / MFN Duty Rate
The bound or most-favored-nation (MFN) duty rate for HS Code 41015040 is 5%. The MFN principle states that whenever a country reduces a trade barrier or opens up its market, it must apply the same treatment to the same goods or services from all its trading partners. This duty rate ensures fair and equal treatment during international trade transactions involving whole raw bovine hides and skins.
Quantity Unit
The quantity unit for HS Code 41015040 is pieces (PCS). This means that the measurement of this product is counted in individual pieces. It provides a standardized unit to quantify and track the trade volume of whole raw bovine hides and skins accurately.
Special Tariff Preference Programs
Several special tariff preference programs apply to the import of whole raw bovine hides and skins classified under HS Code 41015040. These programs offer specific benefits and preferential treatment to eligible countries. The following countries enjoy special tariff rates or duty-free treatment:
- Generalized System of Preferences (GSP): This program provides duty-free treatment to eligible countries, including Australia (A), Bahrain (BH), Canada (CA), Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Peru (P), Singapore (SG).
- Australia Special Rate: Australia benefits from a special rate for the import of whole raw bovine hides and skins.
- Bahrain Special Rate: Bahrain enjoys a special rate for the import of whole raw bovine hides and skins.
- NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), Canada receives duty-free treatment for the import of whole raw bovine hides and skins.
- Chile Special Rate: Chile has a special rate for the import of whole raw bovine hides and skins.
- Caribbean Basin Initiative (CBI): This program provides special tariff preferences to eligible countries in the Caribbean region.
- Israel Special Rate: Israel enjoys duty-free treatment for the import of whole raw bovine hides and skins.
- Andean Trade Preference Act (ATPA): Eligible countries under the ATPA are granted special tariff preferences.
- Jordan Special Rate: Jordan receives a special rate for the import of whole raw bovine hides and skins.
- Morocco Special Rate: Morocco enjoys a special rate for the import of whole raw bovine hides and skins.
- NAFTA for Mexico: Similar to Canada, Mexico benefits from duty-free treatment under NAFTA.
- Oman Special Rate: Oman has a special rate for the import of whole raw bovine hides and skins.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Eligible countries under the DR-CAFTA agreement receive special tariff preferences.
- Peru Special Rate: Peru benefits from a special rate for the import of whole raw bovine hides and skins.
- Singapore Special Rate: Singapore enjoys a special rate for the import of whole raw bovine hides and skins.
Importing and Exporting US States
The importing US states for HS Code 41015040 include Colorado, Kansas, and Nebraska. These states have a demand for whole raw bovine hides and skins, and businesses engage in international trade to meet their requirements. On the other hand, the exporting US states for this HS code are not mentioned in the provided data.
HS Code 41015040 refers to whole raw bovine hides and skins that meet specific criteria regarding weight, surface area, and tanning process. This HS code carries a 5% bound or MFN duty rate and is measured in pieces (PCS). Various special tariff preference programs offer benefits and duty-free treatment to eligible countries importing this product. Furthermore, the provided data indicates that Colorado, Kansas, and Nebraska are importing US states for whole raw bovine hides and skins.
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