HS Code 41071250: Grain Split Whole Upholstery Leather of Bovines and Equines
Grain split whole upholstery leather of bovines and equines is a specific type of leather that falls under HS Code 41071250. This code is used to classify and identify this particular type of leather for international trade purposes. In this article, we will explore the details and characteristics of this HS code, as well as its implications for importing and exporting.
Product Description:
The product description for HS Code 41071250 is grain split whole upholstery leather of bovines (not buffalo) and equines, without hair on, prepared after tanning or crusting, but not classified under HS Code 4114. This means that the leather is derived from the grain split of bovines and equines, and it is suitable for use in upholstery applications. It has undergone the necessary processes of tanning or crusting to enhance its durability and appearance.
Bound/MFN Duty Rate:
The bound/MFN duty rate for HS Code 41071250 is 2.8%. The bound rate refers to the maximum rate of duty that a country can impose on imported goods under the rules of the World Trade Organization (WTO). The MFN (Most Favored Nation) duty rate is the rate applied to all trading partners equally. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
Quantity Unit:
The quantity unit for HS Code 41071250 is square meters (M2). This unit of measurement is used to quantify the amount of grain split whole upholstery leather being imported or exported. It provides a standardized way of determining the quantity of this specific type of leather.
Special Tariff Preference Programs:
There are several special tariff preference programs applicable to HS Code 41071250. These programs provide certain countries with preferential treatment in terms of duty rates. The following countries enjoy free trade benefits under these programs:
- Generalized System of Preferences (GSP): This program grants duty-free treatment to eligible countries.
- Australia Special Rate: Australia enjoys a special rate for this particular HS code.
- Bahrain Special Rate: Bahrain receives a special rate for importing and exporting grain split whole upholstery leather.
- NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), Canada benefits from duty-free treatment for this HS code.
- Chile Special Rate: Chile has a special rate for importing and exporting this type of leather.
- Caribbean Basin Initiative (CBI): Countries in the Caribbean Basin region enjoy duty-free treatment under this program.
- Israel Special Rate: Israel receives duty-free treatment for HS Code 41071250.
- Andean Trade Preference Act (ATPA): Countries in the Andean region benefit from preferential treatment for this HS code.
- Jordan Special Rate: Jordan enjoys a special rate for importing and exporting grain split whole upholstery leather.
- Morocco Special Rate: Morocco receives a special rate for this particular HS code.
- NAFTA for Mexico: Similar to Canada, Mexico benefits from duty-free treatment under NAFTA for HS Code 41071250.
- Oman Special Rate: Oman enjoys a special rate for importing and exporting this type of leather.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Countries in the DR-CAFTA region receive preferential treatment for this HS code.
- Peru Special Rate: Peru has a special rate for importing and exporting grain split whole upholstery leather.
- Singapore Special Rate: Singapore benefits from a special rate for this particular HS code.
Importing and Exporting:
HS Code 41071250 applies to both importing and exporting grain split whole upholstery leather. Importing countries must follow the customs regulations and procedures of their respective countries when bringing in this type of leather. Exporting countries need to comply with the regulations and requirements of the destination country to ensure smooth trade.
HS Code 41071250 represents grain split whole upholstery leather of bovines and equines. It is important to understand this code and its associated details when engaging in international trade involving this specific type of leather. The bound/MFN duty rate, quantity unit, and special tariff preference programs are key aspects to consider for importers and exporters. By adhering to the regulations and taking advantage of the available trade preferences, businesses can effectively navigate the global market for grain split whole upholstery leather.
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