When it comes to international trade, every product is categorized and identified by a specific code known as the Harmonized System (HS) code. The HS code 70053000 is assigned to a particular type of glass known as float glass, which is surface ground or polished and also wired. This type of glass is usually found in the form of sheets.
Float glass is a high-quality, flat glass that is widely used in various applications such as windows, doors, mirrors, and architectural facades. It is manufactured using a specific process where molten glass is poured onto a bed of molten metal, usually tin, which results in a smooth and distortion-free surface. The surface of float glass can be further processed by grinding or polishing to achieve a desired finish.
One key characteristic of the float glass assigned with HS code 70053000 is its wired nature. This means that the glass has a wire mesh embedded within it, providing additional strength and safety. The wire mesh prevents the glass from shattering into sharp fragments when broken, making it suitable for applications where safety is a concern, such as in security windows or glass doors.
The HS code 70053000 is important for international trade as it helps customs authorities and traders classify and track the import and export of float glass. It ensures that the same code is used by all trading partners, enabling fair and consistent trade practices.
The bound or most-favored-nation (MFN) duty rate for HS code 70053000 is 29.1 cents per square meter (M2). This means that every time a country lowers a trade barrier or opens up a market, it has to do so for float glass from all its trading partners at the same duty rate.
The quantity unit for HS code 70053000 is square meters (M2). This unit is used to measure the area of float glass sheets being imported or exported. It helps in determining the quantity and value of the glass being traded.
Float glass classified under HS code 70053000 is eligible for various special tariff preference programs, which provide duty-free treatment or reduced duty rates for specific countries. The following programs apply:
The import of float glass assigned with HS code 70053000 can occur in any state within the United States. The HS code applies uniformly across all states, ensuring consistent classification and regulation of float glass imports.
Similarly, the export of float glass assigned with HS code 70053000 can originate from any state within the United States. The HS code is used uniformly across all states, facilitating the tracking and regulation of float glass exports.
HS code 70053000 represents a specific type of glass known as float glass, which is surface ground or polished, wired, and found in sheets. This code is essential for international trade as it enables the classification, tracking, and regulation of float glass imports and exports. Importers and exporters of float glass can also benefit from various special tariff preference programs, which provide duty-free treatment or reduced duty rates for specific countries.