When it comes to sports, basketball is one of the most popular and widely played games around the world. And at the heart of this game is the rubber basketball, a key equipment that is used by players of all levels. In this article, we will explore the HS Code 99021309, which specifically refers to rubber basketballs categorized under subheading 9506.62.80.
HS Code 99021309 is an important code that helps in identifying and classifying rubber basketballs for international trade purposes. This code is used by customs authorities and traders to ensure smooth and efficient import and export processes. By using this code, it becomes easier to track and monitor the movement of rubber basketballs across different countries.
The MFN (Most Favored Nation) duty rate for rubber basketballs under the HS Code 99021309 is 0.7%. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners are treated equally and have equal opportunities in the market.
Unfortunately, the specific quantity unit for rubber basketballs under HS Code 99021309 is not available (NA). This means that the unit of measurement for counting or quantifying these basketballs is not specified in the data. However, it is important to note that the HS Code provides a comprehensive classification system for various products, including rubber basketballs, based on their characteristics and intended use.
In addition to the MFN duty rate, there are also special tariff preference programs that may apply to rubber basketballs under HS Code 99021309. These programs provide certain benefits and advantages to specific countries or regions, encouraging trade and economic cooperation.
Importing US states and exporting US states play a significant role in the trade of rubber basketballs. The United States is a major player in the global sports industry and has a thriving market for basketball equipment. Various states within the US are actively involved in importing and exporting rubber basketballs, contributing to the overall growth and development of the industry.
Overall, HS Code 99021309 plays a crucial role in the international trade of rubber basketballs. It helps in identifying and classifying these products, determining the applicable duty rates, and facilitating smooth import and export processes. By understanding this code and its implications, traders and customs authorities can ensure efficient and compliant trade of rubber basketballs across borders.