When it comes to international trade, it is important to have a standardized system for classifying products. The Harmonized System (HS) code is a globally recognized code used to categorize goods for the purpose of customs and trade statistics. In this article, we will explore the HS code 64035130, which refers to footwear with outer soles and uppers of leather, not elsewhere specified, covering the ankle, welt.
The HS code 64035130 specifically refers to a type of footwear that is made with leather uppers and soles, covering the ankle with a welt. This code provides a clear and concise description of the product, allowing customs authorities and traders to easily identify and classify these goods during import and export processes.
One of the key aspects of the HS code is its ability to provide information about the applicable duty rates for a specific product. In the case of HS code 64035130, the bound or Most Favored Nation (MFN) duty rate is 5%. The MFN duty rate ensures 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. This promotes fairness and equal treatment in international trade.
The quantity unit for HS code 64035130 is pairs (PRS), which indicates that the product is measured and traded in pairs of footwear. This unit of measurement is commonly used for footwear trade, providing a standardized way to quantify and track the movement of these products.
Additionally, HS code 64035130 is eligible for various special tariff preference programs. These programs provide preferential treatment or duty-free access to specific countries or regions. For example, countries such as Australia, Bahrain, Canada (under NAFTA), Chile, and many others offer duty-free treatment for footwear classified under this HS code. This incentivizes trade and promotes economic cooperation between countries.
Importing US states that have been identified for HS code 64035130 include Arkansas and Kansas. These states have been specifically mentioned in the data, indicating that they are significant importers of footwear covered by this HS code. It is important for businesses involved in the footwear trade to be aware of these states to ensure smooth importation and compliance with any applicable regulations or requirements.
HS code 64035130 is a specific code used to classify footwear with outer soles and uppers of leather, covering the ankle with a welt. This code provides valuable information about the product, including duty rates, quantity units, and eligibility for special tariff preference programs. Understanding and correctly applying HS codes is essential for businesses engaged in international trade, as it facilitates the smooth flow of goods across borders and ensures compliance with customs regulations.