The HS Code 64041120 refers to a specific type of sports and athletic footwear. This footwear is characterized by having outer soles made of rubber or plastics and uppers made of textile material, with the external surface of the uppers being composed of over 50% leather.
When it comes to international trade, the HS code plays a crucial role in classifying products for customs purposes. It is a standardized system used globally to ensure uniformity and clarity in the classification of goods. The HS code for this particular type of footwear is 64041120.
Understanding the HS code is essential for importers, exporters, and government authorities involved in international trade. It helps in determining the applicable customs duties, trade barriers, and regulations associated with a specific product. The HS code also facilitates accurate data collection and analysis for trade statistics.
The product described by the HS code 64041120 is sports and athletic footwear. It is designed for active use and is commonly used in various sports and physical activities. The footwear has outer soles made of rubber or plastics, providing durability and traction. The uppers are made of textile material, ensuring breathability and comfort.
What sets this particular type of footwear apart is the external surface of the uppers, which is composed of over 50% leather. Leather is a premium material known for its durability, flexibility, and aesthetic appeal. The presence of leather in the exterior surface enhances the overall quality and appearance of the footwear.
The bound / MFN (Most Favored Nation) duty rate for HS code 64041120 is 10.5%. The MFN principle states that whenever 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 ensures non-discriminatory treatment among trading nations.
Importers of sports and athletic footwear classified under HS code 64041120 need to consider the bound / MFN duty rate when calculating the total cost of importing the goods. The duty rate is applied to the customs value of the footwear, which includes the cost of the goods, transportation, and insurance.
The quantity unit for HS code 64041120 is pairs (PRS). This means that the quantity of footwear imported or exported is measured in pairs. The pair quantity unit is commonly used for footwear as it represents a complete set of two shoes.
There are several special tariff preference programs applicable to sports and athletic footwear classified under HS code 64041120. These programs provide specific tariff rates or duty-free treatment for imports from certain countries. The following is a list of the programs and the corresponding countries:
These special tariff preference programs aim to promote trade and economic cooperation between the participating countries. Importers can benefit from reduced or eliminated customs duties when importing sports and athletic footwear from these specific countries.
For the importation of sports and athletic footwear classified under HS code 64041120, the following US states are involved:
These states play a significant role in the importation of this specific type of footwear. Importers and exporters engaging in trade activities related to HS code 64041120 should consider the regulations, customs procedures, and market conditions specific to these states.
The exporting US states for sports and athletic footwear classified under HS code 64041120 are not specified in the provided data. However, it is important to note that the US is a major exporter of various types of footwear globally. Therefore, there might be multiple states involved in exporting this specific type of footwear.
Exporting states in the US are responsible for ensuring the compliance of goods with the relevant regulations and standards of the importing countries. They also play a crucial role in promoting US-made footwear in international markets.
HS code 64041120 represents sports and athletic footwear with specific characteristics. Importers and exporters must familiarize themselves with the HS code and its associated regulations, tariff rates, and special programs to effectively navigate international trade in this product category.