When it comes to international trade, every product is classified under a specific Harmonized System (HS) code. One such code is HS Code 41069200, which refers to "Hides and skins of animals nesoi, without hair on, tanned but not further prepared, in the dry state (crust)". In this article, we will delve into the details of this HS code, its product description, duty rates, quantity unit, and special tariff preference programs.
HS Code 41069200 specifically covers hides and skins of animals that have been tanned but not further processed. These hides and skins are in the dry state, commonly known as "crust". The term "nesoi" stands for "not elsewhere specified or included", indicating that this code encompasses animal hides and skins that do not fall under any other specific HS code.
It is important to note that the hides and skins included in this HS code should not have any hair on them. This distinction is crucial as there are other HS codes that cover hides and skins with hair, which undergo different treatment processes.
The bound / MFN (Most Favored Nation) duty rate for HS Code 41069200 is 3.3%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 3.3% to imports of hides and skins without hair, tanned but not further prepared, in the dry state. This principle ensures that all trading partners are treated equally in terms of trade tariffs.
The unit of measurement for imports and exports of products classified under HS Code 41069200 is square meters (M2). This quantity unit is used to determine the size or area of the hides and skins being traded. It provides a standard metric for calculating the quantity of goods involved in international trade transactions.
HS Code 41069200 is eligible for various special tariff preference programs, which provide specific benefits or exemptions from import duties. The following countries and programs offer preferential treatment for imports of hides and skins under this HS code:
These special tariff preference programs aim to promote economic cooperation and development between countries by reducing trade barriers and facilitating the importation of goods.
HS Code 41069200 is applicable to imports and exports of hides and skins of animals in the United States. As for the importing US states, this code is relevant for all states in the country. Similarly, it applies to all states for exporting hides and skins to other countries.
HS Code 41069200 encompasses hides and skins of animals that have been tanned but not further processed, in the dry state. It carries a bound / MFN duty rate of 3.3% and is measured in square meters (M2). Importers and exporters can also benefit from various special tariff preference programs, which provide duty-free treatment for eligible countries. Understanding the specifics of this HS code is essential for businesses engaged in the international trade of hides and skins.