The HS Code 41079240 refers to grain splits buffalo leather that is not whole and does not have hair on it. This type of leather is prepared after tanning or crusting and falls under the category of leather products, excluding those classified under HS Code 4114. Let's delve deeper into this HS Code and explore its significance.
Grain splits buffalo leather, as described by HS Code 41079240, is a specific type of leather that undergoes a specific process to achieve its desired characteristics. This leather is not whole, meaning it is not in one piece, and does not have any hair on it. It is prepared after tanning or crusting, which involves treating the leather to enhance its durability, softness, and appearance.
The term "grain splits" refers to the layer of leather that is obtained by splitting the top grain from the lower layers. This type of leather is known for its strength and resistance to wear and tear. Buffalo leather, in particular, is highly regarded for its durability, making it a preferred choice for various applications.
It is important to note that HS Code 41079240 excludes leather products classified under HS Code 4114. HS Code 4114 encompasses whole hides and skins, including those that have been tanned or crusted. Therefore, the specific focus of HS Code 41079240 is on grain splits buffalo leather that does not fall under the scope of HS Code 4114.
The bound / MFN (Most Favored Nation) duty rate for products falling under HS Code 41079240 is 2.5%. This duty rate is applicable whenever a country lowers a trade barrier or opens up a market. The principle of MFN treatment ensures that any trade barrier reduction or market opening must apply to all trading partners, treating them equally.
This duty rate is subject to change based on international trade agreements, negotiations, and specific tariff preference programs that may be applicable to certain countries or regions. It is essential for importers and exporters to stay updated on the latest trade policies and agreements to determine the applicable duty rates for their specific transactions.
The quantity unit for the measurement of grain splits buffalo leather, as per HS Code 41079240, is square meters (M2). This unit is commonly used to quantify the size or area of leather products. Importers and exporters dealing with this HS Code need to accurately measure and report the quantity of their shipments in square meters.
Under HS Code 41079240, certain countries and regions enjoy special tariff preference programs, which provide them with preferential treatment in terms of duty rates. These programs allow for duty-free treatment or reduced duty rates for eligible products. The following countries and regions have special tariff preference programs for grain splits buffalo leather:
These special tariff preference programs aim to promote trade and economic cooperation between the participating countries and regions. Importers and exporters from these countries can benefit from reduced or eliminated duty rates when trading grain splits buffalo leather under HS Code 41079240.
HS Code 41079240 applies to import and export transactions involving grain splits buffalo leather. The specific US states involved in importing or exporting this product may vary depending on market demand, manufacturing capabilities, and trade relationships. Some of the key US states commonly engaged in the import and export of grain splits buffalo leather include:
These states have well-established trade networks, ports, and manufacturing facilities that facilitate the import and export of various goods, including grain splits buffalo leather.
HS Code 41079240 pertains to grain splits buffalo leather that is not whole and does not have hair on it. This type of leather is prepared after tanning or crusting and is known for its strength and durability. Understanding the product description, bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS Code is crucial for importers and exporters. By staying informed about the latest trade policies, businesses can effectively navigate international trade and maximize the benefits of trading grain splits buffalo leather.