Stemware plays an essential role in our dining experience, elevating the presentation of beverages and adding a touch of elegance to any table setting. Stemware refers to glassware specifically designed for serving beverages like wine, champagne, and cocktails. In this article, we will delve into the details of HS Code 70132810, which pertains to stemware imports. Let's explore the product description, tariff rates, and special tariff preference programs associated with this HS code.
HS Code 70132810 encompasses stemware that is not made of pressed or toughened glass, excluding lead crystal. This code applies to stemware with a value of not more than $0.30 each. Stemware generally refers to glassware with a long stem and a bowl-shaped top, allowing users to hold the stem while sipping their beverages to prevent the transfer of body heat to the drink.
For stemware imports falling under HS Code 70132810, the bound or most-favored-nation (MFN) duty rate is set at 28.5%. The MFN duty rate is the standard duty applied to imports from all trading partners. It ensures that when 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 rate ensures fair and equal treatment for stemware imports across various countries.
The quantity unit for stemware imports under HS Code 70132810 is measured in numbers (NO). This unit indicates the number of stemware units being imported, providing a standardized measure for trade statistics and documentation.
Importing stemware under HS Code 70132810 may qualify for special tariff preference programs, leading to reduced or duty-free rates. Let's explore some of the programs and the corresponding tariff rates:
These special tariff preference programs aim to promote trade and foster economic cooperation between the importing and exporting countries, providing benefits such as reduced costs and increased market access for stemware imports.
HS Code 70132810 applies to stemware imports into and exports out of the United States. The specific states involved in stemware imports and exports may vary depending on market demand and trade dynamics. However, some notable states known for their involvement in the stemware trade include California, New York, Texas, Florida, and Illinois.
HS Code 70132810 governs the importation of stemware, excluding pressed and toughened glass and lead crystal, valued at less than $0.30 each. Importers should be aware of the bound duty rate of 28.5% and the potential benefits offered by special tariff preference programs. By understanding the HS code and associated regulations, businesses can navigate the stemware trade landscape more effectively, ensuring compliance and optimizing their import-export operations.