The HS Code 64062000 refers to outer soles and heels for footwear made of rubber or plastics. This code is used internationally to classify and identify specific products for import and export purposes. Understanding this HS code is important for businesses involved in the footwear industry as it helps determine the applicable duties, tariffs, and trade preferences for these products.
When importing or exporting footwear outer soles and heels, it is crucial to know the HS Code 64062000. This code ensures that the correct trade regulations and requirements are followed, promoting fair and efficient international trade. Let's explore more details about this HS code and its implications.
HS Code 64062000 specifically covers outer soles and heels designed for footwear. These are made from either rubber or plastics, providing the bottom and back support for various types of shoes. Outer soles and heels play a crucial role in providing comfort, stability, and durability to footwear, making them essential components of any shoe.
Understanding the specific HS code for outer soles and heels allows businesses to accurately classify their products during customs clearance processes. This ensures compliance with international trade regulations and enables the calculation of applicable duties and tariffs.
The bound / most favored nation (MFN) duty rate for HS Code 64062000 is 2.7%. This rate applies uniformly to all countries that trade with the country imposing the duty. It 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 bound / MFN duty rate of 2.7% is the default rate for footwear outer soles and heels made of rubber or plastics. Importers should consider this duty rate while calculating the total cost of importing these products.
HS Code 64062000 is eligible for several special tariff preference programs that provide duty-free treatment or reduced duty rates for importing countries. These programs aim to promote economic development, support certain regions, or foster stronger trade relationships. The following are some of the special tariff preference programs applicable to this HS code:
Understanding these special tariff preference programs is crucial for importers and exporters as they can significantly impact the cost of trading footwear outer soles and heels made of rubber or plastics.
While HS Code 64062000 is applicable for the entire United States, the specific states involved in importing these products may vary. The following states have been identified as importers of footwear outer soles and heels:
These states play a crucial role in the importation of footwear components, including outer soles and heels. Businesses involved in the footwear industry should consider these states as potential markets for their products.
HS Code 64062000 refers to outer soles and heels for footwear made of rubber or plastics. Understanding this code is essential for businesses involved in the footwear industry to ensure compliance with international trade regulations and determine the applicable duties and tariffs.
Additionally, the special tariff preference programs associated with this HS code provide importers with opportunities to benefit from reduced duty rates or duty-free treatment. Importers and exporters should carefully consider these programs to optimize their trading operations.
Furthermore, knowing the specific states involved in importing footwear outer soles and heels allows businesses to target their marketing and distribution efforts accordingly.
Overall, HS Code 64062000 plays a vital role in the global trade of footwear components, facilitating the smooth flow of goods between countries and promoting economic growth in the footwear industry.