Drinking glasses are an essential part of our daily lives, used for various purposes from serving water to enjoying our favorite beverages. In international trade, these glasses are classified under the HS Code 70133720. This article will provide a comprehensive overview of this HS code, including its product description, duty rates, quantity units, special tariff preference programs, and the importing/exporting US states.
The product description for HS Code 70133720 is "Drinking glasses, nesoi, o/than of pressed and toughened glass, o/than lead crystal, valued o/$0.30 but n/over $3 each." This means that the code covers drinking glasses that are not made of pressed and toughened glass or lead crystal, and their individual value falls within the range of $0.30 to $3 each.
It is important to note that the HS code provides specific details about the products it covers, allowing for accurate classification and trade facilitation. In the case of drinking glasses, this code ensures that the appropriate duties and regulations are applied when importing or exporting these items.
The bound / MFN duty rate for HS Code 70133720 is 22.5%. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that all trading partners receive the same treatment for the same goods or services, promoting fair and equal trade practices.
The quantity unit for HS Code 70133720 is "number" (NO). This unit indicates that the quantity of drinking glasses is measured in individual pieces or units. It is important for importers and exporters to accurately declare the number of glasses being traded to comply with customs regulations and determine the appropriate duties.
HS Code 70133720 is eligible for various special tariff preference programs, offering reduced or duty-free treatment for imports. These programs include:
These special tariff preference programs aim to promote economic development, encourage trade with specific countries or regions, and provide benefits for eligible importers.
The importing and exporting of drinking glasses classified under HS Code 70133720 involve various US states. While the specific states may vary depending on trade flows and market demands, some of the prominent importing and exporting states include:
Importing US States:
Exporting US States:
These states play a crucial role in facilitating the trade of drinking glasses and contribute to the overall economic growth and development of the country.
HS Code 70133720 encompasses drinking glasses that meet specific criteria regarding their composition and value. It is essential for importers, exporters, and customs authorities to understand and adhere to this code, ensuring accurate classification, appropriate duties, and compliance with special tariff preference programs. By promoting fair trade practices and facilitating international commerce, HS Code 70133720 plays a vital role in the global trade of drinking glasses.