Footwear plays a crucial role in our daily lives, providing protection, comfort, and style. When it comes to international trade, understanding the Harmonized System (HS) codes is essential. In this article, we will explore the HS Code 64029980, which pertains to footwear with outer soles and uppers of rubber or plastics, not elsewhere specified, not covering the ankle, and valued over $6.50 but not over $12 per pair.
HS Code 64029980 defines a specific category of footwear characterized by the materials used in its construction. This footwear consists of outer soles and uppers made of rubber or plastics. It excludes footwear that covers the ankle and is valued over $6.50 but not exceeding $12 per pair.
It is important to note that the HS code provides a standardized classification system for products traded internationally. This classification ensures that customs authorities and traders worldwide can accurately identify and classify goods for import and export purposes.
The Bound / MFN (Most Favored Nation) duty rate applicable to HS Code 64029980 is 90 cents per pair. The MFN principle dictates that every time 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. This principle promotes fair and non-discriminatory trade practices.
The quantity unit for HS Code 64029980 is pairs (PRS). This unit indicates the number of pairs of footwear being imported or exported.
Various countries have established special tariff preference programs that offer preferential treatment for imports of footwear classified under HS Code 64029980. These programs aim to promote economic cooperation, regional integration, and development. Here are some examples:
When it comes to importing footwear classified under HS Code 64029980 into the United States, the following states are actively engaged:
These states serve as important entry points for the importation of footwear, contributing to the distribution and availability of products in the US market.
While the data provided does not specify the exporting US states for footwear classified under HS Code 64029980, it is important to note that the United States is a significant exporter of various footwear products. States such as California, Texas, and New York are known for their footwear manufacturing and export capabilities.
HS Code 64029980 covers a specific category of footwear with outer soles and uppers made of rubber or plastics, excluding ankle coverage, and valued between $6.50 and $12 per pair. Understanding the HS code and its associated details, such as duty rates, special tariff preference programs, and import/export trends, is crucial for businesses and individuals involved in the international trade of footwear.