The HS Code 41041150 refers to a specific category of products in international trade. In this article, we will explore the details of this code, including its product description, duty rates, special tariff preference programs, and the importing and exporting US states.
The product description for HS Code 41041150 is "Full grain unsplit/grain split bovine (except buffalo) nesoi and equine hides/skins, w/o hair, tanned not further prepared, in the wet state." This means that the code covers certain types of hides and skins from bovine (excluding buffalo) and equine animals that have been tanned but not further processed.
Full grain refers to the highest quality of leather, as it retains the natural grain and characteristics of the animal hide. Unsplit and grain split refer to the different ways the hides have been processed. Unsplit hides are left intact, while grain split hides have been split into two layers. The product is in the wet state, indicating that it has not been dried completely.
The bound/MFN (Most Favored Nation) duty rate for HS Code 41041150 is 3.3%. This rate applies every time a country lowers a trade barrier or opens up a market, ensuring that the same goods or services from all trading partners receive equal treatment. This duty rate is applicable to imports of the specified hides and skins under this code.
There are several special tariff preference programs applicable to imports under HS Code 41041150. These programs offer preferential treatment in the form of duty-free access for specific countries. Here are some of the programs and the countries eligible for them:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on eligible products.
The following US states are involved in the import and export of products classified under HS Code 41041150:
Importing US States:These states engage in the trade of full grain unsplit/grain split bovine and equine hides/skins covered by the specified HS Code. The import and export activities contribute to the overall trade and economy of these states.
HS Code 41041150 represents a specific category of products, namely full grain unsplit/grain split bovine and equine hides/skins. The code provides a standardized classification for international trade purposes. Understanding the product description, duty rates, special tariff preference programs, and the involvement of specific US states in import and export activities can help businesses and traders navigate the complexities of international trade regulations.