Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 64029990: A Comprehensive Guide to Footwear with Outer Soles and Uppers of Rubber or Plastics

Footwear is an essential part of our daily lives, providing us with comfort, protection, and style. When it comes to international trade, it is crucial to have a standardized system to classify and identify different products. This is where the Harmonized System (HS) Code plays a crucial role. In this article, we will explore the HS Code 64029990, which is assigned to footwear with outer soles and uppers of rubber or plastics, not elsewhere specified, not covering the ankle, and valued over $12 per pair.

Understanding the HS Code 64029990

The HS Code 64029990 is a specific code used to classify a particular type of footwear in international trade. It provides a standardized method for identifying and categorizing products during import and export processes. Let's break down the components of this HS Code:

• Product description: Footwear with outer soles and uppers of rubber or plastics, not elsewhere specified, not covering the ankle, and valued over $12 per pair.
• Bound / MFN duty rate: The duty rate applicable to this product is 20%. This means that when a country lowers a trade barrier or opens up a market, it has to apply the same duty rate of 20% to footwear with similar characteristics from all its trading partners.
• Quantity unit: The quantity unit for this product is pairs (PRS). It is essential to specify the unit of measurement to accurately track and record the quantity of imported or exported goods.
• Special tariff preference programs: Certain countries have established special tariff preference programs that offer duty-free treatment or reduced duty rates for specific products. For HS Code 64029990, the following special tariff preference programs apply:

• Free: NAFTA for Canada (duty-free treatment), Africa Growth and Opportunity Act (AGOA) (duty-free treatment), Israel Special Rate (duty-free treatment), Jordan Special Rate, NAFTA for Mexico, Caribbean Basin Trade Partnership Act (CBTPA).
• 8%: Australia Special Rate
• 10%: Bahrain Special Rate
• 12%: Chile Special Rate
• 8.8%: Morocco Special Rate
• 16%: Oman Special Rate, Peru Special Rate
• 2.80%: Dominican Republic-Central American Special Rate (DR-CAFTA)
• 6%: Singapore Special Rate

It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost of trade.

Importing US States for HS Code 64029990

Now that we have a good understanding of the HS Code 64029990, let's explore the importing US states that have a demand for this type of footwear. The following states have been identified as significant importers of footwear classified under HS Code 64029990:

• Arkansas
• Kansas

These states play a vital role in the importation of footwear with outer soles and uppers of rubber or plastics, not elsewhere specified, not covering the ankle, and valued over $12 per pair.

Conclusion

The HS Code 64029990 provides a standardized classification for footwear with outer soles and uppers of rubber or plastics, not elsewhere specified, not covering the ankle, and valued over $12 per pair. It helps streamline international trade processes, ensures uniformity in product classification, and facilitates the application of duty rates. Importers and exporters must be aware of the special tariff preference programs and the importing US states associated with this HS Code to make informed business decisions. By understanding and utilizing the HS Code system effectively, businesses can navigate the complexities of international trade and optimize their operations.