Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 41079950: Upholstery Leather of Bovines or Equines

The HS Code 41079950 refers to upholstery leather made from bovines (excluding buffalo) or equines. This type of leather is not whole and does not have hair on it. It is prepared after tanning or crusting, but it does not fall under the category of HS Code 4114.

When importing or exporting goods with this HS Code, it is important to understand the relevant information such as the duty rate, quantity unit, and any special tariff preference programs that may apply.

Duty Rate

The bound or MFN (Most Favored Nation) duty rate for HS Code 41079950 is 2.8%. The MFN principle states that every time 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. This ensures fair and equal treatment in international trade.

Quantity Unit

The quantity unit for HS Code 41079950 is square meters (M2). This unit is used to measure the area of the upholstery leather being imported or exported.

Special Tariff Preference Programs

There are several special tariff preference programs that offer benefits or exemptions for goods classified under HS Code 41079950. These programs include:

• Generalized System of Preferences (GSP): Provides duty-free treatment for eligible countries.
• Australia Special Rate: Offers a special rate for imports from Australia.
• Bahrain Special Rate: Provides a special rate for imports from Bahrain.
• NAFTA for Canada: Grants duty-free treatment for imports from Canada under the North American Free Trade Agreement.
• Chile Special Rate: Offers a special rate for imports from Chile.
• Caribbean Basin Initiative (CBI): Provides benefits for imports from eligible Caribbean countries.
• Israel Special Rate: Grants duty-free treatment for imports from Israel.
• Andean Trade Preference Act (ATPA): Offers preferential treatment for imports from eligible Andean countries.
• Jordan Special Rate: Provides a special rate for imports from Jordan.
• Morocco Special Rate: Offers a special rate for imports from Morocco.
• NAFTA for Mexico: Grants duty-free treatment for imports from Mexico under the North American Free Trade Agreement.
• Oman Special Rate: Provides a special rate for imports from Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Offers preferential treatment for imports from eligible countries in the DR-CAFTA region.
• Peru Special Rate: Provides a special rate for imports from Peru.
• Singapore Special Rate: Offers a special rate for imports from Singapore.

These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on certain goods.

Importing and Exporting US States

HS Code 41079950 can be imported and exported between various US states. The specific states involved in the import or export process will depend on the trading partners and the demand for upholstery leather in different regions.

It is important for businesses and individuals involved in the import and export of goods with HS Code 41079950 to stay updated on any changes in duty rates, quantity units, and special tariff preference programs. Compliance with trade regulations and taking advantage of beneficial programs can help optimize trade operations and enhance economic growth.