Sandals are a popular type of footwear that many people enjoy wearing during the warm summer months. They are comfortable, easy to slip on, and provide a stylish option for casual outings. Sandals come in various styles, materials, and designs to cater to different preferences and needs.
One specific type of sandals falls under the HS Code 64029927. This HS code is used to classify sandals with outer soles and uppers made of rubber or plastics, which are not designed to cover the ankle. These sandals are produced in one piece by molding, making them durable and long-lasting.
When it comes to international trade, HS codes play a crucial role in ensuring proper classification and tariff determination. The HS Code 64029927 helps customs authorities and traders identify the specific product and apply the correct duties and taxes. In this case, the bound or most-favored-nation (MFN) duty rate for sandals under this HS code is 3%.
It is important to note that trade barriers and market openings have implications for the duty rates applied to imported goods. Whenever a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This principle ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for sandals classified under HS Code 64029927 is pairs (PRS). This unit of measurement helps track the number of sandals being imported or exported, providing accurate data for trade statistics and analysis.
There are also special tariff preference programs that apply to sandals under this HS code. Some countries offer duty-free treatment for imports of these sandals, providing advantages for both importers and exporters. The following countries have special tariff rates for sandals with HS Code 64029927:
These special rates promote trade and economic cooperation between countries by eliminating or reducing the duties imposed on sandals from specific trading partners. Importers and exporters can take advantage of these programs to enhance their competitiveness and expand their market reach.
When it comes to importing sandals under HS Code 64029927 into the United States, specific states have been identified as major importers. Some of these states include Arkansas and Kansas. These states have a significant demand for sandals and play a vital role in the importation and distribution of these products.
HS Code 64029927 covers sandals with outer soles and uppers made of rubber or plastics that are not designed to cover the ankle. This HS code helps classify and identify these specific types of sandals for international trade purposes. The bound duty rate for these sandals is 3%, and there are special tariff preference programs available for certain countries. Importing US states such as Arkansas and Kansas are major players in the importation of these sandals. Understanding the HS code and its associated information is essential for traders, importers, and exporters involved in the sandal industry.