HS Code 64034030 refers to a specific type of footwear that is designed with outer soles made of rubber, plastics, leather, or composite leather. These shoes also have uppers made of leather and feature a protective metal toe-cap and welt. This HS code is used to classify and categorize this particular type of footwear in international trade.
When importing or exporting goods, it is important to have a standardized system for classification. The Harmonized System (HS) is an internationally recognized system that assigns a unique code to each product. These codes are used by customs authorities to determine the appropriate duty rates, restrictions, and regulations for specific goods.
The HS Code 64034030 specifically applies to footwear with protective metal toe-caps. This means that these shoes are designed to provide enhanced safety for the toes, making them suitable for various industries and occupations where there is a risk of injury from falling objects or compression.
The bound duty rate for HS Code 64034030 is 5%. The bound duty rate is the maximum rate that a country can charge on a particular product. However, most countries apply the Most Favored Nation (MFN) duty rate, which is the rate applied to all trading partners. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 64034030 is pairs (PRS). This means that the footwear is measured and traded in pairs.
There are several special tariff preference programs that offer duty-free treatment for footwear classified under HS Code 64034030. These programs provide certain countries with preferential access to the market, promoting trade and economic growth. The following countries and programs offer duty-free treatment:
These special tariff preference programs aim to foster economic cooperation and development between countries, providing certain trading partners with reduced or eliminated tariffs on specific goods, including footwear with protective metal toe-caps.
HS Code 64034030 is imported into the following US states:
These states have been identified as importers of footwear classified under HS Code 64034030. This information can be useful for businesses and organizations involved in the import and distribution of these products.
HS Code 64034030 represents footwear with outer soles made of rubber, plastics, leather, or composite leather, and uppers made of leather. These shoes are designed with a protective metal toe-cap and welt, providing enhanced safety for the toes. The bound duty rate for this HS code is 5%, and there are several special tariff preference programs that offer duty-free treatment for these shoes. Importers and exporters should be aware of the specific requirements and regulations associated with this HS code to ensure successful international trade.