HS Code 99021392 refers to a specific category of footwear with uppers made of vegetable fibers, excluding those designed for men or women. This code falls under subheading 6405.20.30, which is used to classify various types of footwear based on their material composition and target audience.
When importing or exporting products, it is crucial to understand the HS Code system as it provides a universal language for categorizing goods. Each HS Code represents a specific product or group of products, allowing customs authorities and traders to easily identify and classify items for taxation, statistical analysis, and regulatory purposes.
The HS Code 99021392 is associated with a bound or most-favored-nation (MFN) duty rate of 7.1%. The MFN principle states that when a country reduces a trade barrier or opens up its market, it must do so for all its trading partners, ensuring equal treatment for goods and services. This duty rate applies each time this category of footwear is imported or exported.
Unfortunately, the quantity unit for HS Code 99021392 is not available (NA), making it difficult to determine the specific measurement or unit of the product being traded. However, this information can vary depending on the specific customs documentation and regulations of each country.
Furthermore, there are special tariff preference programs that may apply to HS Code 99021392. These programs aim to promote trade and economic cooperation between countries by providing preferential treatment, such as reduced or zero-duty rates, to certain products. Importers and exporters should familiarize themselves with these programs to take advantage of potential cost savings and market access opportunities.
It is important to note that the HS Code 99021392 relates to the import and export of this particular category of footwear. The importing and exporting US states play a crucial role in facilitating international trade. Each state has its own regulations, infrastructure, and resources that can impact the efficiency and cost-effectiveness of trading activities.
HS Code 99021392 represents other footwear with uppers made of vegetable fibers, excluding those designed for men or women. This code falls under subheading 6405.20.30 and carries a bound or MFN duty rate of 7.1%. Understanding the HS Code system, special tariff preference programs, and the role of importing and exporting US states is vital for businesses involved in the trade of these products.