Goat or kidskin leather, without hair on, fancy, further prepared after tanning or crusting, other than of heading 4114, falls under the HS code 41131060. This HS code is used to identify and classify this specific type of leather for international trade and customs purposes.
When importing or exporting products classified under HS code 41131060, it is important to be aware of the various regulations and tariff rates associated with it. Let's delve deeper into the details of this HS code and the implications it has for trade.
The product description for HS code 41131060 specifies that it refers to goat or kidskin leather that is without hair on and is fancy in nature. Additionally, the leather should have undergone further preparation after the processes of tanning or crusting. It is important to note that this HS code excludes any leather falling under heading 4114, which refers to other types of leather.
The bound or Most Favored Nation (MFN) duty rate for HS code 41131060 is 2.8%. The MFN duty rate refers to the rate of duty that applies to all trading partners equally. It 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. This duty rate is applicable to imports of goat or kidskin leather falling under this HS code.
The quantity unit used for HS code 41131060 is square meters (M2). This unit is used to measure the area of the leather being imported or exported. It provides a standard measurement for trading purposes and helps determine the quantity of the product being traded.
Several special tariff preference programs provide certain countries with preferential treatment for imports of goat or kidskin leather classified under HS code 41131060. These programs allow for reduced or duty-free rates for eligible countries. The following countries have special tariff rates or duty-free treatment for this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating customs duties for eligible products.
HS code 41131060 applies to imports and exports of goat or kidskin leather, without hair on, fancy, further prepared after tanning or crusting, in all US states. This means that regardless of the state of origin or destination within the United States, the same HS code is used to classify and regulate these leather products.
Understanding the details and implications of HS code 41131060 is crucial for importers, exporters, and customs authorities involved in the trade of goat or kidskin leather. It helps ensure compliance with regulations, determine tariff rates, and take advantage of any special tariff preference programs available.
Next time you come across HS code 41131060, remember that it represents a specific type of leather and carries important implications for international trade and customs procedures.