Glass mirrors play a crucial role in our daily lives, whether it's for personal grooming, interior design, or enhancing safety on the road. The HS Code 70099150 specifically refers to unframed glass mirrors with a reflecting area over 929 cm2. In this article, we will explore the details of this HS code, its product description, duty rates, quantity units, and special tariff preference programs associated with it.
The HS Code 70099150 covers glass mirrors that are not rearview mirrors. These mirrors are unframed and have a reflecting area larger than 929 cm2. Unframed mirrors provide versatility in terms of installation and can be used in various applications, including home decor, commercial spaces, and industrial settings.
The bound or most-favored-nation (MFN) duty rate for HS Code 70099150 is 6.5%. The MFN principle ensures that whenever 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 duty rate applies to the import of glass mirrors under this HS code.
The quantity unit for glass mirrors under HS Code 70099150 is square centimeters (CM2). This unit of measurement is used to determine the size and area of the mirrors being imported or exported. It allows for accurate measurement and calculation of quantities during trade transactions.
Several special tariff preference programs are available for glass mirrors under HS Code 70099150. These programs provide certain countries with preferential treatment, including duty-free importation. Here are some of the special tariff preference programs applicable to this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on certain goods, including glass mirrors.
When it comes to importing glass mirrors under HS Code 70099150, the duty rates and regulations apply uniformly across all US states. However, the exporting US states may vary depending on the manufacturing and distribution centers of glass mirrors. Some of the prominent exporting US states for glass mirrors include California, Texas, Florida, New York, and Illinois.
the HS Code 70099150 encompasses unframed glass mirrors with a reflecting area over 929 cm2. Importers and exporters of glass mirrors need to be aware of the duty rates, quantity units, and special tariff preference programs associated with this HS code. Understanding these details will facilitate smoother international trade transactions and enable businesses to take advantage of preferential treatment under the applicable programs.