Buffalo leather is a versatile material that is used in various industries for its durability and unique characteristics. If you are involved in international trade or interested in the import and export of buffalo leather, understanding the HS Code 41079940 is essential.
HS Code 41079940 specifically refers to buffalo leather other than full grains unsplit & grain splits, not whole, without hair on, prepared after tanning or crusting, and not classified under heading 4114. Let's dive deeper into the details of this HS Code and explore its significance in international trade.
The product description of HS Code 41079940 provides specific details about the type of buffalo leather it encompasses. It refers to buffalo leather that is not in its full grain unsplit or grain split form. Additionally, the leather should not be whole and must be prepared after tanning or crusting. It is important to note that this HS Code does not include buffalo leather classified under heading 4114.
The bound or most-favored-nation (MFN) duty rate for HS Code 41079940 is 2.5%. The MFN duty rate is applicable every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of duty rates.
The quantity unit for HS Code 41079940 is square meters (M2). This unit is commonly used to measure the area of buffalo leather being imported or exported.
HS Code 41079940 is eligible for various special tariff preference programs. These programs provide specific benefits in terms of duty rates. The following countries and programs offer preferential treatment for importing buffalo leather under this HS Code:
These special tariff preference programs aim to promote trade and provide incentives for importing buffalo leather from specific countries.
HS Code 41079940 is relevant for both importing and exporting buffalo leather to and from the United States. The specific states involved in the import and export of buffalo leather under this HS Code may vary based on trade patterns and market demand.
Understanding the HS Code 41079940 is crucial for anyone involved in the international trade of buffalo leather. It provides a standardized classification system that facilitates smooth trade transactions and ensures consistent treatment of goods across different countries. Whether you are an importer, exporter, or industry professional, having a comprehensive knowledge of HS Codes is essential for successful international trade.