Sheep or lamb skin leather, without wool on, not fancy, prepared after tanning or crusting, other than of heading 4114, falls under the HS Code 41120030. This code is used to classify and identify the specific type of leather being imported or exported.
When it comes to trade barriers and market access, countries have to ensure that they treat all their trading partners equally. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The bound / MFN duty rate for HS Code 41120030 is 2%, which is the rate that applies to imports of this product from any country.
The quantity unit for HS Code 41120030 is square meters (M2). This unit is used to measure the area of the leather being traded. It provides a standardized and consistent measurement that allows for accurate comparison and calculation of import or export quantities.
There are also special tariff preference programs that can apply to imports of sheep or lamb skin leather under HS Code 41120030. These programs provide certain countries with preferential treatment, including duty-free access to the US market. The countries eligible for these programs include:
These tariff preference programs allow for duty-free treatment of sheep or lamb skin leather imports from the eligible countries mentioned above. It provides an incentive for trade and helps promote economic development in these countries.
When importing sheep or lamb skin leather under HS Code 41120030, it is important to consider the specific requirements and regulations of the importing and exporting US states. Different states may have their own rules and procedures for the importation of goods, including leather products. It is advisable to consult with the relevant authorities or seek professional assistance to ensure compliance with all necessary requirements.
In summary, HS Code 41120030 refers to sheep or lamb skin leather, without wool on, not fancy, prepared after tanning or crusting, other than of heading 4114. It carries a bound / MFN duty rate of 2% and is measured in square meters (M2). Certain countries are eligible for special tariff preference programs, which provide duty-free treatment for imports of this product. It is important to be aware of the importing and exporting US states' requirements when engaging in trade involving HS Code 41120030.