Footwear is an essential part of our daily lives, providing us with comfort, protection, and style. Among the various types of footwear available in the market, those falling under HS Code 64029919 are worth exploring. This HS code specifically refers to footwear with outer soles and uppers made of rubber or plastics, not protective, and featuring a metal toe-cap. The value of each pair of footwear falling under this code ranges from over $6.50 to not exceeding $12.
When it comes to international trade, understanding the HS code is crucial. The HS code is a standardized system used worldwide to classify products for import and export purposes. It helps facilitate trade, determine tariff rates, and gather statistical data on global trade flows. HS Code 64029919 allows customs authorities and traders to identify and categorize this specific type of footwear for regulatory and logistical purposes.
The bound or most-favored-nation (MFN) duty rate for footwear falling under HS Code 64029919 is 90 cents per pair. This means that when importing this type of footwear, a duty of 90 cents per pair is applicable. Additionally, it's important to note that trade barriers and market openings impact the duty rates. If a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for this HS code is pairs (PRS), indicating that the duty rate and other trade-related calculations are based on the number of pairs of footwear being imported or exported.
Various special tariff preference programs exist for footwear falling under HS Code 64029919. These programs provide specific duty rates or duty-free treatment for eligible countries. Let's take a closer look at some of these programs:
It's important for importers and exporters to be aware of these special tariff preference programs to take advantage of lower duty rates or duty-free treatment, depending on their country of origin or destination.
When it comes to importing footwear falling under HS Code 64029919, some US states play a significant role. Arkansas and Kansas are two states known for their import activities in this sector. These states serve as key entry points for footwear imports, ensuring their availability in the domestic market.
On the export side, the specific US states involved in exporting footwear falling under HS Code 64029919 are not mentioned in the provided data. However, it's worth noting that the United States is a major exporter of various types of footwear, including those falling under this HS code. The US footwear industry enjoys a strong global presence and caters to the demands of international markets.
HS Code 64029919 encompasses footwear with outer soles and uppers made of rubber or plastics, featuring a metal toe-cap and not classified as protective. This code helps classify and regulate the import and export of such footwear globally. Importers and exporters should consider the bound duty rate, special tariff preference programs, and the role of specific US states in the import and export of footwear falling under this HS code.