The HS Code 32074050 represents glass frit and other glass materials in the form of granules or flakes. This code is used to classify and identify these specific products for international trade purposes.
Glass frit is a finely powdered glass that is used in various industries for different applications. It is produced by melting glass at high temperatures and then rapidly cooling it to create solid particles. These particles can be further processed into granules or flakes, depending on the desired end-use.
The HS Code 32074050 is important for importers, exporters, and customs officials as it allows for accurate classification and tracking of glass frit and other glass products. It ensures that the correct duties and tariffs are applied during international trade transactions.
The bound / most favored nation (MFN) duty rate for HS Code 32074050 is 6.5%. The MFN principle states that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This means that the duty rate remains consistent for all countries.
The quantity unit for HS Code 32074050 is kilograms (KG). This unit of measurement is used to determine the weight of the glass frit or other glass products being imported or exported.
The HS Code 32074050 is eligible for various special tariff preference programs, which can affect the duty rates applied to imports or exports of these products. Some of the special tariff preference programs applicable to this HS code include:
These special tariff preference programs can provide benefits such as reduced or eliminated duties for eligible countries or regions.
The HS Code 32074050 is used to track and classify glass frit and other glass products being imported or exported to and from the United States. The importing US states and exporting US states for this HS code can vary depending on trade volumes and market demand.
It is important for businesses and individuals involved in the glass industry to understand the regulations and requirements associated with HS Code 32074050. Accurate classification and compliance with customs procedures can help facilitate smooth international trade transactions and ensure the correct duties and tariffs are applied.