When it comes to international trade, it is essential to have a standardized system for identifying and classifying products. The Harmonized System (HS) provides a universal language for this purpose, and HS Code 41071150 specifically refers to full grain unsplit upholstery leather of bovines (not buffalo) and equines.
This HS code is used to categorize a specific type of leather material that is commonly used in the manufacturing of upholstery products. Full grain unsplit upholstery leather refers to the highest quality leather, which has not been split or separated into layers. It retains the natural grain and characteristics of the animal hide, making it durable and luxurious.
The HS code provides important information about the product, including its description, quantity unit, and any applicable tariff rates or special tariff preference programs. Let's explore these details further:
This description provides a clear explanation of the product being classified under this HS code. It specifies that the leather is sourced from bovines (excluding buffalo) and equines, and it should be free of hair. Additionally, the leather must undergo the process of tanning or crusting, excluding any preparations falling under HS code 4114.
The duty rate mentioned here refers to the tariff percentage imposed on imports of this specific type of upholstery leather. It is important to note that duty rates can vary depending on the country and any applicable trade agreements or preferences.
The quantity unit specified for this HS code is square meters (M2). This unit helps in determining the measurement of the imported or exported leather material. It allows for accurate calculations and transactions related to the quantity of full grain unsplit upholstery leather.
These special tariff preference programs indicate the countries or regions that offer preferential treatment or duty-free status for imports of full grain unsplit upholstery leather under HS code 41071150. The programs mentioned include the Generalized System of Preferences (GSP), specific rates for Australia, Bahrain, Canada (under NAFTA), Chile, the Caribbean Basin Initiative (CBI), Israel, the Andean Trade Preference Act (ATPA), Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA), Peru, and Singapore.
HS code 41071150 is relevant for both importing and exporting full grain unsplit upholstery leather. The specific states involved in these trade activities may vary depending on market demand and supply. However, it is important to note that the HS code serves as a standardized classification system that is applicable globally.
HS Code 41071150 plays a crucial role in classifying and identifying full grain unsplit upholstery leather of bovines and equines. It provides valuable information about the product description, duty rates, quantity unit, and any special tariff preference programs. Understanding this HS code is essential for businesses involved in the international trade of upholstery leather and ensures compliance with relevant regulations and trade agreements.