The HS Code 41079270 refers to the specific classification for grain splits bovine (not buffalo) and equine leather. This code is used to identify and track the import and export of this particular type of leather. In this article, we will explore the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code.
The product description for HS Code 41079270 is grain splits bovine (not buffalo) and equine leather. It specifically refers to leather that is not whole and does not have hair on it. It is not considered fancy leather and is prepared after tanning or crusting. It is important to note that this HS code does not include leather classified under HS Code 4114.
The bound or most-favored-nation (MFN) duty rate for HS Code 41079270 is 5%. 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. The 5% duty rate is applicable to this type of leather regardless of the country of origin.
The quantity unit for HS Code 41079270 is square meters (M2). This means that the measurement of the leather is based on its area in square meters. It is important for importers and exporters to accurately measure and report the quantity of leather using this unit to comply with trade regulations.
HS Code 41079270 is eligible for several special tariff preference programs. These programs provide certain countries with preferential treatment or duty-free access to the United States market. The following countries have special rates or duty-free treatment for this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and the participating countries by reducing or eliminating import duties on specific goods.
HS Code 41079270 can be imported to and exported from various states within the United States. The specific importing and exporting states may vary depending on the trade activities and preferences of businesses. It is essential for importers and exporters to comply with the relevant regulations and documentation requirements of both the exporting and importing states.
HS Code 41079270 identifies and classifies grain splits bovine and equine leather. This article has provided an extensive overview of the product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states associated with this HS code. Importers, exporters, and traders should be familiar with this information to ensure compliance and facilitate international trade.