Glass envelopes, open, and glass parts thereof, for electric lighting (other than bulbs for incandescent lamps), without fittings fall under the HS Code 70111050. This code is used to classify and categorize these specific products for import and export purposes.
The HS Code 70111050 is an important code for customs and trade authorities as it helps in efficiently identifying and tracking these specific goods. It ensures that the correct tariffs, duties, and regulations are applied to these products during international trade.
The product description for HS Code 70111050 is as follows: Glass envelopes, open, and glass parts thereof, for electric lighting (other than bulbs for incandescent lamps), without fittings. This description clearly outlines the specific type of glass products that fall under this HS Code.
Glass envelopes refer to the protective glass coverings used in electric lighting fixtures. These envelopes are open and do not include bulbs for incandescent lamps. Glass parts included in this HS Code could include various components used in electric lighting systems, such as glass bases, connectors, or covers.
The bound / MFN duty rate for products classified under HS Code 70111050 is 4.6%. Bound duty rate refers to the maximum tariff rate that a country can impose on imported goods. The MFN (Most Favored Nation) duty rate is the standard rate that applies to all trading partners. It ensures that trade barriers are lowered equally for all countries.
Whenever 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. This principle of non-discrimination promotes fair and equal treatment in international trade.
The quantity unit for measuring products under HS Code 70111050 is hundred units (HUN). This unit is used to quantify the number of glass envelopes or glass parts being imported or exported. It provides a standardized measurement for trade statistics and customs purposes.
Products classified under HS Code 70111050 may be eligible for special tariff preference programs. These programs offer reduced or duty-free treatment for imports from specific countries. The following countries have special tariff rates or duty-free treatment for products under this HS Code:
These special tariff preference programs aim to promote trade and economic cooperation between countries by offering favorable trade conditions for certain products.
The HS Code 70111050 applies to imports and exports of glass envelopes and glass parts for electric lighting from various US states. The specific importing and exporting US states may vary depending on the trade activities and demand for these products.
It is important for businesses and traders involved in the import and export of products under HS Code 70111050 to familiarize themselves with the specific regulations, tariffs, and requirements of the importing and exporting US states. This ensures compliance with customs and trade laws, smooth trade operations, and optimized supply chains.
HS Code 70111050 classifies and categorizes glass envelopes, open, and glass parts thereof, for electric lighting (other than bulbs for incandescent lamps), without fittings. It is essential for importers, exporters, and customs authorities to understand this HS Code to facilitate smooth international trade and ensure compliance with trade regulations.