Float glass and surface ground or polished glass, in sheets, less than 10 mm thick, with an area not exceeding 0.65 square meters (M2) and specifically designed for use in liquid crystal displays, falls under the HS Code 70052904. This code is used to classify and track the import and export of such glass products.
The HS Code system is an internationally recognized standard for classifying traded products. It helps in the uniform identification of goods and facilitates international trade by providing a common language for customs authorities, statisticians, and traders.
The product description of HS Code 70052904 highlights that it pertains to float glass and surface ground or polished glass. Float glass is a type of glass that is manufactured by floating molten glass on a bed of molten metal, typically tin. This process results in a smooth and flat glass surface, making it ideal for various applications.
The glass covered by this HS Code is less than 10 mm thick, indicating its thin nature. It is specifically designed for use in liquid crystal displays (LCDs), which are widely used in electronic devices such as televisions, computer monitors, and smartphones. The glass sheets provided under this HS Code are suitable for producing the display panels of LCD devices.
When importing or exporting products classified under HS Code 70052904, it is important to consider the applicable duty rates. The bound or most-favored-nation (MFN) duty rate for this HS Code is free. This means that no duty is levied on the import or export of these glass products.
The principle of MFN treatment ensures that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This promotes fair and equal treatment in international trade and prevents discriminatory practices.
The quantity unit for HS Code 70052904 is square meters (M2), which denotes the measurement of the glass sheets. This unit is commonly used in the trading and manufacturing industry to quantify the size or area of products.
Furthermore, there are special tariff preference programs associated with HS Code 70052904. The following countries or regions provide specific tariff rates or duty-free treatment for imports of these glass products:
These special tariff preference programs provide various benefits, including reduced duty rates or duty-free treatment, to promote trade and economic cooperation between the participating countries or regions.
HS Code 70052904 represents float glass and surface ground or polished glass, in sheets, less than 10 mm thick, with an area not exceeding 0.65 square meters (M2), and specifically designed for liquid crystal displays. It is important to understand the HS Code and its associated details when importing or exporting these glass products to ensure compliance with customs regulations and to take advantage of any applicable tariff preferences.