Composition leather with a basis of leather or leather fiber, in slabs, sheets, or strips falls under HS Code 41151000. This code is used to classify and identify this specific type of product for trade purposes. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The product under HS Code 41151000 refers to composition leather that is primarily made from leather or leather fiber. It is commonly found in the form of slabs, sheets, or strips, and may or may not be in rolls. Composition leather is a type of artificial leather that is manufactured by bonding together layers of leather or leather fiber with other materials. This results in a material that resembles genuine leather but is more affordable and versatile in its applications.
Composition leather is widely used in various industries for different purposes. It can be found in the manufacturing of furniture upholstery, automobile interiors, footwear, handbags, and other leather goods. The versatility of this material makes it a popular choice for both functional and decorative applications.
The bound or MFN (Most Favored Nation) duty rate for HS Code 41151000 is free. This means that no customs duties are imposed on the import of this product, regardless of the country of origin. The principle of MFN treatment ensures that countries lower trade barriers and open up their markets equally for all trading partners. Therefore, the duty-free treatment applies to the same goods or services from all countries.
The quantity unit for HS Code 41151000 is kilograms (KG). This unit of measurement is used to determine the weight of the composition leather being imported or exported. It provides a standardized way to quantify the quantity of the product for trade and customs purposes.
HS Code 41151000 is eligible for various special tariff preference programs. These programs offer additional benefits or preferential treatment for importers or exporters of the product. The following countries or regions provide special rates or duty-free treatment for composition leather under this HS code:
Importers or exporters dealing with composition leather under HS Code 41151000 can take advantage of these special rates to reduce or eliminate customs duties, depending on the specific program and country involved.
HS Code 41151000 represents composition leather with a basis of leather or leather fiber, in slabs, sheets, or strips. This versatile material finds its applications in various industries and is classified under this specific HS code for trade purposes. Importers and exporters dealing with this product should be aware of the duty rates, quantity unit, and special tariff preference programs available to them.