When it comes to international trade, having a clear understanding of the Harmonized System (HS) code can be incredibly valuable. Each product is assigned a unique HS code, which is used to classify and identify goods for customs purposes. In this article, we will dive deep into HS Code 70051080, focusing on its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
HS Code 70051080 refers to float glass and surface ground or polished glass that is nonwired, in sheets, with an absorbent or reflective layer, and not worked. This code encompasses various types of glass commonly used in industries such as construction, automotive, and electronics. Float glass is known for its high-quality, flat surface, making it ideal for architectural applications.
Surface ground or polished glass, on the other hand, undergoes additional processing to achieve a smooth and shiny finish. This type of glass is often used in mirrors, decorative items, and optical instruments.
The bound or Most Favored Nation (MFN) duty rate for HS Code 70051080 is 4.4%. The MFN duty rate is applicable every time a country reduces a trade barrier or opens up its market. It ensures that the same goods or services receive equal treatment from all trading partners.
It's important to note that duty rates may vary depending on specific trade agreements or special tariff preference programs. These programs can result in duty-free treatment for certain countries. For HS Code 70051080, the following special tariff preference programs apply:
These special rates provide preferential treatment to certain countries, allowing them to import HS Code 70051080 duty-free or at reduced rates.
The quantity unit for HS Code 70051080 is square meters (M2). This unit of measurement is used to determine the area of the glass sheets being traded. It helps to accurately calculate the quantity and cost of the product.
HS Code 70051080 is imported and exported by various US states. Some of the notable importing states include:
These states have a significant demand for float glass and surface ground or polished glass, making them important players in the import market.
On the exporting side, states such as:
are known for their production and export of glass products, including those falling under HS Code 70051080.
HS Code 70051080 encompasses float glass and surface ground or polished glass, which are extensively used in various industries. It is important for businesses and traders to familiarize themselves with the duty rates, special tariff preference programs, quantity unit, and the key importing and exporting US states related to this HS code. By understanding these aspects, companies can navigate international trade more effectively and take advantage of any available benefits or opportunities.