When it comes to international trade, it is important to have a clear understanding of the Harmonized System (HS) codes. These codes are used to classify products for import and export purposes, ensuring consistency and facilitating global trade. In this article, we will delve into the details of HS Code 64051000, which pertains to footwear with outer soles of materials other than rubber, plastics, leather, or composition leather, and uppers made of leather or composition leather.
Product Description: HS Code 64051000 covers a wide range of footwear that is not classified under any other specific HS code. This includes shoes with various materials for the outer soles, such as wood, metal, or textile, and leather or composition leather for the uppers. The code is used to distinguish this category of footwear from others.
Bound / MFN Duty Rate: The duty rate for products under HS Code 64051000 is set at 10%. This means 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 ensures fair and equal treatment for all countries involved in international trade.
Quantity Unit: The quantity unit for HS Code 64051000 is pairs (PRS). This unit is used to measure the number of footwear items imported or exported.
Special Tariff Preference Programs: Several countries have special tariff preference programs in place for products classified under HS Code 64051000. These programs offer reduced or duty-free rates to promote trade and economic cooperation. Some of the notable programs include:
Importing US States: HS Code 64051000 is relevant for several US states when it comes to importing footwear. These states include Arkansas, Kansas, Massachusetts, Mississippi, South Carolina, Tennessee, Minnesota, and New Hampshire. Importers and traders in these states need to be familiar with the regulations and requirements associated with importing footwear under this HS code.
Exporting US States: While the data provided does not specify the exporting US states for HS Code 64051000, it is important to note that the code is applicable for all states involved in exporting footwear under the given product description.
Understanding HS Code 64051000 is crucial for importers, exporters, and traders in the footwear industry. Compliance with the code's regulations and requirements ensures smooth and efficient international trade. By familiarizing yourself with the details and implications of this code, you can navigate the global market with confidence.