The HS Code 41071980 refers to the product description of whole bovine (not buffalo) and equine leather, nesoi (not elsewhere specified or included), without hair on, fancy, prepared after tanning or crusting, and not classified under heading 4114. This article will provide extensive information about this HS code, including its definition, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states.
The HS Code 41071980 specifically covers whole bovine (not buffalo) and equine leather. This type of leather is prepared after tanning or crusting, and it does not have any hair on it. The leather is considered "fancy," which means it may have unique patterns, finishes, or embellishments. It is important to note that this HS code does not include leather classified under heading 4114, which pertains to certain types of leather used in the manufacture of footwear.
The bound or Most Favored Nation (MFN) duty rate for HS Code 41071980 is 2.4%. The MFN duty rate applies to all countries and is the rate that a country must apply to imports from all its trading partners. This means that whenever 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. It ensures equal treatment for all trading partners and promotes fair trade.
The quantity unit for HS Code 41071980 is measured in square meters (M2). This unit of measurement is commonly used in the leather industry to quantify the size or area of leather products. It helps in determining the quantity and pricing of the imported or exported leather.
HS Code 41071980 is eligible for various special tariff preference programs, which provide certain countries with preferential treatment in terms of duty rates. The following special tariff preference programs apply to this HS code:
These special tariff preference programs aim to promote economic cooperation and trade between countries by reducing or eliminating import duties on specific products.
HS Code 41071980 is imported and exported by various US states. The specific states involved in the import and export of this product may vary depending on market demand and business partnerships. However, some common US states engaged in the import of whole bovine and equine leather under this HS code include:
These states have a significant presence in the leather industry and serve as major import hubs for leather products. It is important for businesses and traders to consider these states when engaging in import or export activities related to HS Code 41071980.
HS Code 41071980 pertains to whole bovine and equine leather, prepared after tanning or crusting, without hair on, and classified as fancy. It has a bound or MFN duty rate of 2.4% and is measured in square meters (M2). This HS code is eligible for various special tariff preference programs, providing duty-free or preferential treatment for imports from specific countries. Importing and exporting US states involved in the trade of this product include New York, California, Texas, Florida, and Illinois. Understanding the details and implications of HS Code 41071980 is essential for businesses and individuals engaged in the leather industry or international trade.