Footwear is an essential part of our daily lives, providing protection and comfort to our feet. There are various types of footwear available in the market, each designed for different purposes. One such type is footwear with outer soles and uppers made of rubber or plastics, which falls under HS Code 64029130.
This HS Code specifically refers to footwear with metal toe-caps that are not protective and are valued over $12 per pair. It is important to note that the HS Code system is used internationally to classify products for customs purposes.
Footwear falling under HS Code 64029130 is characterized by its construction with outer soles and uppers made of rubber or plastics. These materials provide flexibility, durability, and resistance to various environmental conditions. Additionally, these shoes are equipped with metal toe-caps, which add an aesthetic appeal to the footwear.
However, it is crucial to understand that these metal toe-caps are not designed for protective purposes. Therefore, this type of footwear is not suitable for occupations or activities that require safety features such as steel toe protection.
The value of these shoes must exceed $12 per pair to be classified under this HS Code. This valuation helps in determining the appropriate customs duties and taxes applicable during importation.
The bound or most-favored-nation (MFN) duty rate for footwear falling under HS Code 64029130 is 20%. The MFN principle states that when a country lowers a trade barrier or opens up a market, it must apply the same rules to all its trading partners for the same goods or services.
This duty rate is applicable regardless of the country of origin or destination. It ensures fair trade practices and prevents discrimination among trading partners.
The quantity unit for footwear falling under HS Code 64029130 is pairs (PRS). This unit indicates the number of pairs of shoes being imported or exported.
There are several special tariff preference programs available for footwear falling under HS Code 64029130. These programs provide specific tariff rates or duty-free treatment for eligible countries. Some of the notable programs include:
These special tariff preference programs aim to promote trade and economic cooperation between participating countries. They provide various benefits, including reduced or eliminated customs duties, to encourage import and export activities.
Footwear falling under HS Code 64029130 is imported by various US states. Some of the states involved in the importation of this footwear include:
These states play a significant role in the importation and distribution of footwear with outer soles and uppers made of rubber or plastics in the United States.
There is no specific information available regarding the exporting US states for footwear falling under HS Code 64029130. However, it is important to note that the United States is a major player in the global footwear market, and various states actively participate in exporting footwear to international markets.
footwear falling under HS Code 64029130 is characterized by its outer soles and uppers made of rubber or plastics, with metal toe-caps that are not protective. This type of footwear is subject to a 20% bound or MFN duty rate and is imported by various US states. Special tariff preference programs provide eligible countries with reduced or duty-free treatment for this footwear, promoting international trade and economic cooperation.