Sheep or lamb skin leather without wool on, fancy, is a product that falls under HS Code 41120060. This code is used to classify and identify specific types of leather goods for international trade purposes. In this article, we will explore the product description, duty rates, quantity unit, special tariff preference programs, and the importing/exporting US states related to this HS code.
HS Code 41120060 refers to sheep or lamb skin leather without wool on, that has been further prepared after tanning or crusting. This type of leather is classified as "fancy," indicating that it may have undergone additional processing or finishing techniques to enhance its appearance or texture. It is important to note that this HS code specifically excludes sheep or lamb skin leather with wool on, as well as any leather falling under heading 4114.
The bound or Most Favored Nation (MFN) duty rate for products falling under HS Code 41120060 is 2%. The MFN duty rate signifies 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 for all countries participating in international trade.
The quantity unit for products classified under HS Code 41120060 is square meters (M2). This unit of measurement is used to determine the area or size of the sheep or lamb skin leather without wool on that is being traded. It allows for standardized calculations and easy comparison of quantities across different transactions.
Products falling under HS Code 41120060 are eligible for various special tariff preference programs. These programs provide preferential treatment in terms of duty rates for imports and exports. Some of the special tariff preference programs applicable to this HS code include:
These special tariff preference programs aim to promote trade and economic cooperation between countries, while also fostering development and growth in specific regions or industries.
When it comes to importing products falling under HS Code 41120060, there are no specific restrictions or limitations based on the US states. Importers from any state in the United States can engage in the importation of sheep or lamb skin leather without wool on, fancy, as long as they comply with all relevant regulations and requirements.
Similarly, there are no specific restrictions or limitations on exporting products falling under HS Code 41120060 to specific US states. Exporters from any state in the United States can engage in the exportation of sheep or lamb skin leather without wool on, fancy, as long as they comply with all relevant regulations and requirements.
It is important for importers and exporters to stay updated with any changes in regulations, duty rates, or special programs related to HS Code 41120060. This will ensure smooth and compliant international trade transactions involving sheep or lamb skin leather without wool on, fancy.