Harmonized System Codes • Schedule B • Harmonized Commodity Description

The HS Code 99021308: A Closer Look at Leather Basketballs

When it comes to sports, basketball holds a special place in the hearts of many. The thrill of dribbling, shooting, and making that perfect swish is an experience like no other. And one crucial element that enhances the game is the basketball itself. In this article, we will delve into the HS Code 99021308 and explore the fascinating world of leather basketballs.

Leather basketballs fall under subheading 9506.62.80 of the Harmonized System (HS) Code. The HS Code is an international classification system used to categorize and identify traded products. It plays a vital role in facilitating global trade by providing a standardized method for customs authorities to classify goods.

Bound/MFN (Most Favored Nation) duty rate for leather basketballs is free. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same treatment to all its trading partners concerning the importation of leather basketballs. This principle promotes fairness and equal opportunities for all nations involved in the trade.

Unfortunately, the specific quantity unit for leather basketballs is not available (NA) in the provided data. However, it is worth noting that leather basketballs are typically sold in individual units or in sets, depending on the consumer's preference.

Now, let's explore some special tariff preference programs related to the import and export of leather basketballs:

• Importing US states: The United States offers various programs to encourage the importation of certain goods, including leather basketballs. For example, the Generalized System of Preferences (GSP) allows eligible developing countries to export goods to the US at reduced or zero tariff rates. This benefits both the importing states and the exporting countries by promoting economic growth and fostering international trade relationships.
• Exporting US states: As for exporting US states, they can take advantage of programs like the State Trade Expansion Program (STEP), which provides financial assistance and resources to small businesses looking to expand their export activities. By utilizing such programs, US states can boost their local economies and increase their presence in the global market for leather basketballs and other goods.

Leather basketballs have been a part of the sporting world for many years. They offer durability, excellent grip, and a classic feel that many players prefer. The use of leather in their construction ensures a high-quality product that can withstand intense gameplay and last for a long time.

the HS Code 99021308 encompasses leather basketballs, a beloved sports item enjoyed by basketball enthusiasts worldwide. By understanding the HS Code and the various programs associated with it, both importing and exporting states can benefit from the trade of leather basketballs, fostering economic growth and promoting international cooperation.