The HS Code 41071960 refers to whole upper and sole leather made from bovines (excluding buffalo) or equines, which has been prepared after the processes of tanning or crusting. This code is used to classify and categorize these specific types of leather for international trade purposes.
When importing or exporting products under HS Code 41071960, it is important to understand the product description, duty rates, quantity units, and any special tariff preference programs associated with it.
The product description for HS Code 41071960 is "Whole upper & sole leather of bovines (not buffalo) nesoi or equines nesoi, without hair on, prepared after tanning or crusting, not 4114." This means that the leather must be made from the upper and sole parts of bovines (excluding buffalo) or equines. It should not have any hair on it and must have undergone the processes of tanning or crusting. Additionally, it should not fall under HS Code 4114.
The bound or MFN (Most Favored Nation) duty rate for HS Code 41071960 is 5%. The MFN duty rate is the rate applied to a product when a country lowers a trade barrier or opens up a market. It is important to note that this duty rate applies every time a country reduces trade barriers or opens its market, and it must be applied to the same goods or services from all trading partners.
The quantity unit used for HS Code 41071960 is square meters (M2). This unit is used to measure the area of the leather being imported or exported under this HS Code. It is important to correctly measure and declare the quantity of leather in square meters when conducting trade transactions.
There are several special tariff preference programs associated with HS Code 41071960. These programs provide specific tariff benefits or duty-free treatment for imports or exports of the designated goods. The countries or regions eligible for these preferences include:
These special tariff preference programs allow for reduced or zero tariffs on imports or exports of whole upper and sole leather under HS Code 41071960. It is important to check the eligibility and requirements of these programs when trading with the respective countries or regions.
HS Code 41071960 can be used for importing and exporting whole upper and sole leather between different US states. The specific states involved in the import or export transactions may vary depending on the trading partners and market demand for the product.
Overall, understanding the details and implications of HS Code 41071960 is essential for businesses and individuals involved in the import or export of whole upper and sole leather made from bovines or equines. It is important to comply with the relevant regulations, duty rates, and special tariff preference programs to ensure smooth and efficient trade transactions.