The HS Code 70049015 refers to drawn or blown glass that is not elsewhere specified or included, in rectangular sheets. These sheets have a thickness of over 1.5 millimeters but not exceeding 2 millimeters, and an area of not more than 0.26 square meters. They are not further worked upon.
When it comes to international trade, each product is assigned a specific HS code to facilitate the classification and identification of goods. The HS code system is used by customs authorities and traders worldwide to determine the applicable duties, taxes, and regulations for a particular product.
The product description for HS Code 70049015 specifies that it applies to drawn or blown glass in rectangular sheets. These glass sheets have a thickness greater than 1.5 millimeters but less than or equal to 2 millimeters. Additionally, they have an area that does not exceed 0.26 square meters. The glass sheets are not subjected to any further processing or finishing.
The bound or most-favored-nation (MFN) duty rate for HS Code 70049015 is free. This means that countries are not required to impose any duties or tariffs on the importation of these specific glass sheets. 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.
The quantity unit for HS Code 70049015 is square meters (M2). This unit is used to measure the area of the rectangular glass sheets being imported or exported. It provides a standard measure to determine the quantity of the product being traded.
For HS Code 70049015, there are several special tariff preference programs that offer duty-free treatment for the importation of these glass sheets:
HS Code 70049015 is applicable for both importing and exporting glass sheets in rectangular form. The specific states involved in the importation or exportation of these glass sheets may vary depending on the trading partners and their respective regulations.
It is important for businesses and individuals involved in the import or export of drawn or blown glass in rectangular sheets to familiarize themselves with the HS code and its associated regulations. Understanding the applicable duties, tariff preferences, and special programs can help streamline the import-export process and ensure compliance with international trade requirements.