HS Code 99022560 refers to a specific category of footwear that falls under the protection category. This code is used to classify certain protective footwear with coated or laminated fabric, specifically designed for men. The footwear must have a height not exceeding 8 inches and be priced at over $20 per pair. This particular HS code is provided for in the 6402.19.20 category.
Protective footwear is essential in many industries and occupations where workers are exposed to potential hazards such as falling objects, sharp materials, or slippery surfaces. It provides an additional layer of protection to the feet, reducing the risk of injuries. The coated or laminated fabric used in these footwear adds durability and enhances their protective capabilities.
The bound or Most Favored Nation (MFN) duty rate for HS Code 99022560 is 16.5%. The MFN principle states that every time 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. This principle promotes fairness and equal treatment in international trade.
Unfortunately, the quantity unit for this particular HS code is not available (NA). It is important for importers and exporters to have a clear understanding of the quantity unit when dealing with trade transactions. However, this information being unavailable does not affect the classification or import/export procedures related to this HS code.
Special tariff preference programs may also apply to HS Code 99022560. These programs are designed to incentivize and promote trade between specific countries or regions. They often involve reduced or zero tariffs on certain goods to encourage economic growth and international cooperation. Importing and exporting states in the United States may have different tariff preferences for this HS code, so it is crucial for businesses to be aware of these programs when conducting trade.
HS Code 99022560 refers to certain protective footwear with coated or laminated fabric for men. It is classified under the 6402.19.20 category and is essential for providing safety and protection in various industries. The MFN duty rate for this HS code is 16.5%, and special tariff preference programs may apply. Importers and exporters should stay informed about these regulations and take advantage of any available benefits for their trade transactions.