In this educational article, we will explore the HS Code 95066240, which pertains to inflatable footballs and soccer balls. We will discuss the product description, duty rates, special tariff preference programs, and importing/exporting states in the United States.
HS Code 95066240 covers inflatable footballs and soccer balls. These are sports equipment used in the popular games of football and soccer. Inflatable balls are designed to be lightweight, durable, and easy to handle, making them ideal for both recreational and professional use.
The bound/MFN (Most Favored Nation) duty rate for HS Code 95066240 is free. This means that no duty fees are imposed on the import of inflatable footballs and soccer balls. The concept of MFN is based on the principle of non-discrimination, which implies that when 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.
HS Code 95066240 is eligible for various special tariff preference programs. These programs provide preferential treatment in terms of duty rates for specific countries. The following countries have been granted special tariff preferences for importing inflatable footballs and soccer balls:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific goods.
When it comes to importing inflatable footballs and soccer balls under HS Code 95066240, the data shows that the primary importing state in the United States is New Hampshire. This indicates that New Hampshire has a significant demand for these sports equipment. Additionally, Vermont is also mentioned as an importing state, albeit to a lesser extent.
On the other hand, Rhode Island and Vermont are listed as the exporting states for inflatable footballs and soccer balls. This implies that these states have manufacturers or distributors that export these products to other parts of the country or even internationally.
HS Code 95066240 encompasses inflatable footballs and soccer balls, which are essential sports equipment for the popular games of football and soccer. The duty rate for these products is free, meaning no duty fees are imposed on imports. Various special tariff preference programs provide preferential treatment for specific countries. New Hampshire is the primary importing state for these products in the United States, with Vermont also being mentioned. Rhode Island and Vermont are listed as exporting states, indicating their involvement in manufacturing or distributing inflatable footballs and soccer balls.