Grain splits bovine and equine leather is a specific type of leather that falls under the HS Code 41079280. This HS code is used to classify and identify this particular product for international trade purposes. In this article, we will explore the details of this HS code and provide a comprehensive understanding of the product description, duty rates, quantity unit, and special tariff preference programs associated with it.
The product under HS Code 41079280 refers to grain splits bovine (not buffalo) and equine leather. It is important to note that this classification excludes whole leather and does not include any hair on the leather. Additionally, the leather is categorized as "not elsewhere specified or included" (nesoi) and falls under the fancy category. Moreover, this leather is prepared after tanning or crusting, but it is not classified under HS Code 4114.
Grain splits leather is a type of leather that is obtained by splitting the top grain layer from the hide or skin. It is considered to have a characteristic grain pattern and offers unique aesthetic qualities. Bovine leather refers to leather derived from cattle, while equine leather is sourced from horses. The exclusion of buffalo leather in this HS code indicates that it specifically pertains to these two types of animals.
The bound / MFN duty rate for HS Code 41079280 is 2.4%. The term "bound" refers to the maximum duty rate that a country can impose on imports of a particular product. This rate is applicable every time a country lowers a trade barrier or opens up a market. Additionally, the MFN (Most Favored Nation) principle ensures that if a country reduces its duty rate for a specific product, it must apply the same lower duty rate for all its trading partners.
The quantity unit for HS Code 41079280 is square meters (M2). This indicates that the measurement and trade of the product are based on the area of the leather. The square meter unit is commonly used in the leather industry to determine the quantity of leather being imported or exported.
There are several special tariff preference programs associated with HS Code 41079280. These programs provide specific benefits and exemptions for certain countries when importing or exporting the product. The following countries enjoy special tariff rates:
These special tariff preference programs aim to promote trade and provide economic benefits to the participating countries. They may include reduced or eliminated duty rates, duty-free treatment, and other trade facilitation measures.
The importing and exporting of HS Code 41079280 can take place between various states within the United States. The specific states involved in the import and export transactions may vary depending on the demand and supply dynamics of the leather industry. Some of the notable states known for their involvement in leather trade include:
These states play a significant role in the leather industry, either as major importers or exporters of leather products. The demand for grain splits bovine and equine leather contributes to the trade flow between these states.
HS Code 41079280 encompasses grain splits bovine and equine leather. The article has provided an in-depth understanding of the product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states associated with this HS code. By knowing the details of this HS code, businesses and individuals involved in the leather trade can navigate international trade regulations more effectively.