Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 42050005: Belting Leather

Belting leather, identified by HS Code 42050005, refers to leather that has been cut or manufactured into forms or shapes suitable for conversion into belting for machinery or appliances. This type of leather is commonly used in various industries for its strength, durability, and flexibility.

When importing or exporting this product, it is important to be familiar with the relevant trade regulations and tariff rates.

Bound / MFN Duty Rate

The bound or most-favored-nation (MFN) duty rate for HS Code 42050005 is 2.9%. 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 duty rate applies to the value of the product being imported or exported.

Quantity Unit

The quantity unit for HS Code 42050005 is kilograms (KG). This is the standard unit of measurement used for calculating the quantity of belting leather being imported or exported.

Special Tariff Preference Programs

There are several special tariff preference programs available for belting leather under HS Code 42050005. These programs offer preferential treatment in terms of duty rates or duty-free treatment for specific countries. The programs applicable to belting leather are as follows:

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

Importing US States

Belting leather under HS Code 42050005 can be imported into various states in the United States. However, based on the available data, it appears that the product is primarily imported into the state of Hawaii. It is important to note that this information is subject to change and may vary over time.

Exporting US States

There is no specific information available regarding the exporting states in the United States for belting leather under HS Code 42050005. Export data may vary depending on the specific trade transactions and market demands.

HS Code 42050005 refers to belting leather that has been cut or manufactured into forms or shapes suitable for conversion into belting for machinery or appliances. Importing or exporting this product requires an understanding of the relevant trade regulations, tariff rates, and special tariff preference programs. By complying with these requirements, businesses can facilitate smoother international trade and maximize their competitiveness in the market.