The HS Code 41062190 refers to hides and skins of goats or kids that have been tanned but not further prepared, in the wet state other than wet blue. This code is used to classify and identify this specific type of product for international trade purposes.
When importing or exporting hides and skins of goats or kids, it is important to be familiar with the HS Code 41062190 to ensure proper classification and compliance with customs regulations. This code helps customs authorities and traders determine the appropriate duties, taxes, and trade policies applicable to these goods.
The product description for HS Code 41062190 specifies that the hides and skins should be without hair on and in the wet state. This means that they have undergone the tanning process but have not been further processed or finished. The wet state refers to the moisture content of the hides or skins.
The quantity unit for this HS Code is square meters (M2), which is used to measure the surface area of the hides or skins. This unit of measurement is commonly used in the international trade of leather products.
According to the bound / MFN (Most Favored Nation) duty rate, a country applying this code should impose a duty rate of 2.4% on imports of hides and skins of goats or kids. The MFN principle 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 principle promotes fair and equal treatment in international trade.
In addition to the duty rate, there are also special tariff preference programs available for imports of hides and skins of goats or kids under HS Code 41062190. These programs provide preferential treatment in the form of duty-free or reduced duty rates. Some of the special tariff preference programs applicable to this HS Code include:
It is important for importers and exporters to be aware of these special tariff preference programs and take advantage of them when applicable to reduce costs and enhance competitiveness in the international market.
When it comes to importing or exporting hides and skins of goats or kids under HS Code 41062190, it is essential to comply with the regulations and requirements of both the importing and exporting countries. This includes proper documentation, labeling, and adherence to sanitary and phytosanitary measures if applicable.
Overall, understanding the HS Code 41062190 is crucial for anyone involved in the trade of hides and skins of goats or kids. It provides a standardized classification system and helps determine the appropriate duties, taxes, and trade policies for these goods. Additionally, being aware of the special tariff preference programs can offer significant advantages in terms of cost savings and market access.