US GSP Review
July 28, 2016
Members of the Council,
Sub : US GSP Review
As members are aware, the USA is implementing Generalized System of Preferences (GSP) programme which provides either concessional or zero import duty benefits to notified countries. For India too, certain import duty concessions are provided under GSP
We have received a communication from Department of Commerce informing about the results of the 2015/2016 Annual Review of Generalized System of Preferences (GSP) of USA. The following are the highlights of this review.
This review adds new duty-free status for travel goods (including luggage, backpacks, handbags, and wallets) for Least Developed Beneficiary Developing Countries (LDBDCs) and African Growth and Opportunity Act (AGOA) countries. The addition of travel goods to GSP has been deferred for non-LDBDCs including India. This means that as of now, there is no GSP benefit for India for export of leather goods like travel goods, hand bags, wallets to USA
62 products from India have been granted de-minimis waivers which will enable them to continue to get GSP benefits. This includes the following products.
|HTS Subheading||Brief Description||Country|
|4107.11.40||Full grain unsplit whole buffalo leather, without hair on, surface over 2.6 sq m, prepared after tanning or crusting, not heading 4114||India|
|4107.12.40||Grain split whole buffalo leather, without hair on, unit surface area over 2.6 sq m, prepared after tanning or crusting, not of heading 4114||India|
|4107.19.40||Whole buffalo skin leather (not full grain unsplits/grain splits), w/o hair on, over 2.6 sq m, prepared after tanning or crusting, not 4114||India|
|4107.91.40||Full grain unsplit buffalo leather (not whole), w/o hair on, prepared after tanning or crusting (including parchment-dressed), not head 4114||India|
|4107.92.40||Grain split buffalo leather (not whole), without hair on, prepared after tanning or crusting, other than of heading 4114||India|
Thanks & regards,
COUNCIL FOR LEATHER EXPORTS