The HS Code 41044140 refers to a specific product category in international trade. It is used to classify and identify a particular type of leather based on its characteristics and composition. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The product description for HS Code 41044140 is as follows: Crust full grain unsplit/grain split bovine (ex. buffalo) nesoi/equine hides/skins upper/sole leather, w/o hair, tanned not further prepared.
This description provides important information about the type of leather covered by this HS code. It specifies that the leather should be sourced from bovine (excluding buffalo) or equine hides/skins. The leather should be either full grain unsplit or grain split. Additionally, it should be tanned and not further prepared, meaning it has undergone the tanning process but has not yet undergone any additional treatments or finishes.
The bound / MFN (Most Favored Nation) duty rate for HS Code 41044140 is 5%. This means that when a country lowers a trade barrier or opens up a market, it must apply this duty rate to the same goods or services from all its trading partners.
The 5% duty rate is a standard rate that applies to imports of this specific type of leather. It is important for importers and exporters to be aware of this duty rate when calculating the cost of their transactions and assessing the competitiveness of the market.
The quantity unit for HS Code 41044140 is square meters (M2). This unit of measurement is used to determine the size or area of the leather being traded. By using square meters as the quantity unit, importers and exporters can accurately measure and quantify the amount of leather being bought or sold.
HS Code 41044140 is eligible for several special tariff preference programs, which provide certain countries with preferential treatment or duty-free access to the market. The countries and programs applicable to this HS code include:
These special tariff preference programs aim to promote economic cooperation, trade, and development between the participating countries. They provide opportunities for importers and exporters to benefit from reduced or eliminated duties, enhancing their competitiveness in the market.
HS Code 41044140 represents a specific category of leather in international trade. Its product description, duty rates, quantity unit, and special tariff preference programs provide valuable information for importers, exporters, and other stakeholders involved in the trade of this type of leather.