The HS Code 70132230 refers to stemware drinking glasses made of lead crystal. These glasses are valued at over $3 but not over $5 each. Stemware refers to a type of glassware that includes wine glasses, champagne flutes, and other drinking glasses with a stem or foot.
Lead crystal is a type of glass that contains lead oxide. This gives the glass a higher refractive index, making it more brilliant and sparkling compared to regular glass. Stemware made of lead crystal is often considered more luxurious and high-end.
The HS Code 70132230 helps in classifying and identifying these specific stemware drinking glasses during international trade. It is an important code used by customs authorities and importers/exporters to ensure accurate and efficient trade documentation.
When importing stemware drinking glasses of lead crystal under the HS Code 70132230, certain regulations and trade barriers come into play. One of these is the bound/MFN (Most-Favored-Nation) duty rate, which is set at 7.3%. This means that every time 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.
The quantity unit for stemware drinking glasses of lead crystal is measured in numbers (NO). This allows for a clear understanding of the quantity being imported or exported.
In terms of special tariff preference programs, stemware drinking glasses of lead crystal under the HS Code 70132230 may qualify for various benefits. Some of these include:
These special tariff preference programs provide countries with certain benefits, such as duty-free treatment or special rates, when importing stemware drinking glasses of lead crystal from specific trading partners. For example, under the NAFTA agreement, stemware imports from Canada and Mexico receive duty-free treatment.
It is important to note that the HS Code 70132230 applies to stemware drinking glasses of lead crystal being imported into the United States. The exporting states may vary depending on the origin of the stemware. Similarly, the importing states within the United States may differ based on the final destination of the goods.
the HS Code 70132230 is essential in identifying and classifying stemware drinking glasses made of lead crystal during international trade. It helps customs authorities and traders ensure accurate documentation and compliance with regulations. By understanding the code and the associated regulations and preferences, importers and exporters can navigate the trade process more effectively.