Sports footwear is an essential component for athletes and sports enthusiasts alike. It provides comfort, support, and protection during physical activities. One specific type of sports footwear falls under HS Code 64021970, which pertains to sports footwear with outer soles and uppers made of rubber or plastics, not elsewhere specified (nesi). This article will delve into the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The product description for HS Code 64021970 is as follows: Sports footwear with outer soles and uppers made of rubber or plastics, not elsewhere specified, valued over $6.50 but not over $12 per pair. This code specifically applies to sports footwear that falls within the mentioned price range and is made predominantly of rubber or plastics.
The bound or Most Favored Nation (MFN) duty rate for HS Code 64021970 is 76 cents per pair. Additionally, a 17% duty is applicable every time a country lowers a trade barrier or opens up a market. This means that countries must extend the same trade benefits to all their trading partners for the same goods or services.
The quantity unit for HS Code 64021970 is pairs (PRS). This unit signifies that the quantity of sports footwear being imported or exported is measured in pairs.
Several special tariff preference programs are available for sports footwear falling under HS Code 64021970. These programs allow for reduced or duty-free rates for specific countries. The programs and associated rates are as follows:
These special rates enable countries to promote trade and economic cooperation while providing favorable conditions for the import and export of sports footwear.
For sports footwear falling under HS Code 64021970, the following US states are prominent importers:
These states play a significant role in the importation of sports footwear made of rubber or plastics.
As for the exporting US states, the data provided does not specify any states. However, it is important to note that various states across the country engage in the exportation of sports footwear, including those falling under HS Code 64021970.
HS Code 64021970 encompasses sports footwear with outer soles and uppers made of rubber or plastics, valued over $6.50 but not over $12 per pair. It carries a bound duty rate of 76 cents per pair, with an additional 17% duty for trade barrier reductions. Special tariff preference programs allow for reduced or duty-free rates for specific countries. The quantity unit is pairs (PRS), and prominent importing US states include Minnesota and Virginia. Understanding this HS code is essential for importers, exporters, and those involved in the sports footwear industry.