Footwear is an essential part of our daily lives. It not only protects our feet but also adds style to our outfits. Among the various types of footwear, those with outer soles and uppers made of rubber or plastics are particularly popular. In this article, we will delve into the details of HS Code 64029940, which covers footwear with outer soles and uppers of rubber or plastics, not elsewhere specified, and which do not cover the ankle, with open toes or heels, or of the slip-on type.
HS Code 64029940 is an important classification for customs and trade purposes. It helps in identifying and categorizing these specific types of footwear for import and export documentation. It is crucial for importers, exporters, and customs authorities to understand the details and regulations associated with this HS code to ensure smooth trade operations.
The product description covered under HS Code 64029940 includes footwear with outer soles and uppers made of rubber or plastics. It specifically refers to footwear that does not cover the ankle, has open toes or heels, or belongs to the slip-on type category. This HS code encompasses a wide range of footwear styles, including sandals, flip flops, and other similar designs.
The bound / MFN duty rate for HS Code 64029940 is 37.5%. The MFN (Most Favored Nation) duty rate is the rate that a country applies to imports from all its trading partners. It ensures that any trade barrier reduction or market opening is extended to all countries equally. This duty rate is applicable every time a country lowers a trade barrier or opens up a market.
The quantity unit for HS Code 64029940 is pairs (PRS). This implies that the quantity of footwear imported or exported under this HS code is measured in pairs of shoes.
Several countries and regions have special tariff preference programs in place for goods classified under HS Code 64029940. These programs offer reduced or duty-free rates to promote trade and economic cooperation. The following are some notable special tariff preference programs applicable to this HS code:
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These special tariff preference programs provide opportunities for importers and exporters to benefit from reduced or eliminated duty rates, thus enhancing international trade relations.
HS Code 64029940 is relevant for importing footwear with outer soles and uppers of rubber or plastics into various states of the United States. The following US states are notable for importing products under this HS code:
These states are significant import destinations for this type of footwear, indicating the demand and market potential in these regions.
While the specific exporting US states for HS Code 64029940 are not mentioned in the provided data, it is important to note that the United States is a major exporter of various footwear products. The US footwear industry has a significant presence in the global market, exporting to numerous countries worldwide.
HS Code 64029940 covers footwear with outer soles and uppers made of rubber or plastics, not elsewhere specified, and which do not cover the ankle, with open toes or heels, or of the slip-on type. This HS code plays a crucial role in facilitating international trade, ensuring proper classification, and applying the relevant duty rates and tariff preferences. Understanding the details and regulations associated with this HS code is essential for importers, exporters, and customs authorities to ensure compliance and efficient trade operations.