The HS Code 64061070 refers to the specific classification of a product under the Harmonized System (HS) which is used by customs authorities around the world to identify and classify traded goods. In this case, the HS Code 64061070 represents "Uppers & pts. thereof for footwear, nesoi, of textile materials w/external surface area over 50% leather". Let's dive deeper into the details of this HS Code and explore its implications for trade and import-export activities.
The product described by the HS Code 64061070 is a component used in the manufacturing of footwear. It specifically refers to the upper part of the shoe and its associated parts made from textile materials, with an external surface area comprised of over 50% leather. This code is used to differentiate and categorize this particular type of footwear component for customs and trade purposes.
The bound / MFN (Most Favored Nation) duty rate signifies the rate of duty that a country applies to the importation of goods under normal trade conditions. In this case, the HS Code 64061070 has a bound / MFN duty rate listed as "Free". This means that there is no duty applied to the importation of this product. It is important to note that this duty rate applies to all trading partners of the country, ensuring equal treatment for goods or services from all nations.
Some countries have established special tariff preference programs that offer reduced or duty-free rates for certain goods. In the case of the HS Code 64061070, there are several countries and trade agreements that provide preferential treatment for this product:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing trade barriers and facilitating the movement of goods.
The HS Code 64061070 is relevant for importers in the following US states:
These states have importers who are engaged in the trade of footwear components and can utilize the HS Code 64061070 to facilitate import processes and ensure compliance with customs regulations.
While the data provided does not mention specific exporting US states for the HS Code 64061070, it is important to note that this code can also be relevant for US states engaged in the export of footwear or footwear components. Exporters from various states can utilize this HS Code to accurately classify their products and comply with international trade regulations.
the HS Code 64061070 represents a specific type of footwear component made from textile materials with an external surface area comprised of over 50% leather. Its classification under this HS Code allows for accurate identification, classification, and regulation of this product in international trade. Importers and exporters, particularly in the mentioned US states, can benefit from understanding and utilizing this HS Code to streamline their import-export activities and ensure compliance with customs regulations.