In international trade, a Harmonized System (HS) code is used to classify products for customs and statistical purposes. The HS code 63079050 specifically refers to corset lacings, footwear lacings, or similar lacings made from textile materials. This article will provide extensive information about this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The HS code 63079050 encompasses corset lacings, footwear lacings, or similar lacings made from textile materials. These lacings are commonly used in the fashion industry for various purposes, such as tightening or fastening corsets, adjusting the fit of footwear, or securing other textile materials together. They are typically made from high-quality textile materials to ensure durability and functionality.
The bound or Most Favored Nation (MFN) duty rate for HS code 63079050 is free. This means 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. Therefore, countries applying the MFN principle will not impose any duty or tariff on corset lacings, footwear lacings, or similar lacings of textile materials.
The quantity unit for HS code 63079050 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported corset lacings, footwear lacings, or similar lacings of textile materials.
Several countries have special tariff preference programs for products classified under HS code 63079050. These programs provide preferential duty rates or duty-free treatment for eligible imports. The following countries have special tariff preference programs for corset lacings, footwear lacings, or similar lacings of textile materials:
These special tariff preference programs aim to promote trade and economic cooperation between the participating countries by reducing or eliminating import duties on specific products, including corset lacings, footwear lacings, or similar lacings of textile materials.
For imports of corset lacings, footwear lacings, or similar lacings of textile materials under HS code 63079050, the following US states are known to engage in importing activities:
The exporting US states for corset lacings, footwear lacings, or similar lacings of textile materials under HS code 63079050 may vary and are not specified in the available data.
HS code 63079050 represents corset lacings, footwear lacings, or similar lacings made from textile materials. It is important for businesses involved in the import and export of these products to understand the applicable duty rates, special tariff preference programs, and the states involved in import activities. By adhering to the proper HS code classification and taking advantage of the available tariff preferences, businesses can effectively navigate the international trade landscape and optimize their operations.