The HS Code 41071160 refers to a specific type of leather product. It is known as Full Grain Unsplit Upper & Sole Leather of Bovines (not buffalo) Nesoi or Equine, without Hair on, Prepared after Tanning or Crusting, not 4114. This code is used to classify and categorize this particular type of leather for international trade purposes.
The product description clarifies that the leather is made from the upper and sole of bovines or equine animals. It is not made from buffalo and does not have any hair on it. The leather is prepared after the process of tanning or crusting, excluding any leather falling under HS Code 4114.
The quantity unit for this product is measured in square meters (M2). This measurement helps in determining the area of leather required for a particular order or transaction.
When it comes to the duty rate, the bound or most favored nation (MFN) duty rate for HS Code 41071160 is 3.3%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners, including this specific type of leather.
There are also special tariff preference programs in place for this HS code. The following countries or regions offer tariff preferences for the import of this leather product:
These special tariff preference programs aim to promote trade and provide benefits to countries and regions that have established trade agreements or preferences with the United States.
When it comes to the importing and exporting of this leather product, it can be done between various US states and trading partners around the world. The specific states involved in the import and export process may vary depending on the business transactions and agreements between the parties involved.
Overall, the HS Code 41071160 plays a crucial role in categorizing and regulating the trade of Full Grain Unsplit Upper & Sole Leather of Bovines (not buffalo) Nesoi or Equine, without Hair on, Prepared after Tanning or Crusting, not 4114. It helps in ensuring consistency and transparency in international trade and allows for the implementation of special tariff preference programs for specific countries or regions.