Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 70133740: A Comprehensive Guide to Drinking Glasses

Drinking glasses are an essential part of our daily lives, used for various purposes ranging from serving water to enjoying your favorite beverages. In this article, we will delve into the world of drinking glasses, specifically focusing on the HS Code 70133740. This code is used to classify drinking glasses that are not elsewhere specified or included (nesoi) and meet certain criteria regarding their material and value.

Product Description

HS Code 70133740 refers to drinking glasses that are not made of pressed and toughened glass or lead crystal. These glasses are typically cut or engraved and are valued at over $5 each. The code helps in the proper identification and classification of these glasses for import and export purposes.

Bound / Most Favored Nation (MFN) Duty Rate

When it comes to international trade, duty rates play a crucial role. The bound duty rate for HS Code 70133740 is set at 5%. The MFN principle 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 helps in promoting fair trade practices and equal treatment for all.

Quantity Unit

The quantity unit for HS Code 70133740 is a number (NO). This unit represents the number of drinking glasses being imported or exported under this code.

Special Tariff Preference Programs

Several special tariff preference programs exist that offer benefits for importing drinking glasses classified under HS Code 70133740. Let's take a closer look at some of these programs:

• A+ (Least Developed Beneficiary Developing Countries): Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under this subheading receive duty-free treatment.
• AU (Australia Special Rate): Australia offers a special rate for importing drinking glasses.
• BH (Bahrain Special Rate): Bahrain provides a special rate for importing drinking glasses.
• CA (NAFTA for Canada): Drinking glasses imported from Canada under the North American Free Trade Agreement (NAFTA) receive duty-free treatment.
• CL (Chile Special Rate): Chile offers a special rate for importing drinking glasses.
• D (Africa Growth and Opportunity Act - AGOA): Drinking glasses imported under AGOA from eligible African countries receive duty-free treatment.
• E (Caribbean Basin Initiative - CBI): Drinking glasses imported under the CBI from eligible Caribbean countries receive duty-free treatment.
• IL (Israel Special Rate): Israel provides a special rate for importing drinking glasses.
• J (Andean Trade Preference Act - ATPA): Drinking glasses imported under ATPA from eligible Andean countries receive duty-free treatment.
• JO (Jordan Special Rate): Jordan offers a special rate for importing drinking glasses.
• MA (Morocco Special Rate): Morocco provides a special rate for importing drinking glasses.
• MX (NAFTA for Mexico): Drinking glasses imported from Mexico under NAFTA receive duty-free treatment.
• OM (Oman Special Rate): Oman offers a special rate for importing drinking glasses.
• P (Dominican Republic-Central American Special Rate - DR-CAFTA): Drinking glasses imported under DR-CAFTA from eligible countries receive duty-free treatment.
• PE (Peru Special Rate): Peru provides a special rate for importing drinking glasses.
• SG (Singapore Special Rate): Singapore offers a special rate for importing drinking glasses.

These special tariff preference programs aim to promote trade and economic growth by providing duty-free treatment or special rates for importing drinking glasses from specific countries or regions.

Importing and Exporting US States

HS Code 70133740 applies to both imports and exports of drinking glasses in the United States. The code helps in accurately identifying and classifying the products for customs purposes. Whether you are importing or exporting drinking glasses, it is essential to comply with the regulations and requirements set forth by the relevant authorities.

HS Code 70133740 encompasses drinking glasses that do not fall under the categories of pressed and toughened glass or lead crystal. It helps in facilitating international trade by providing a standardized classification system for these products. Understanding the code and its associated information, such as duty rates and special tariff preference programs, is crucial for businesses and individuals involved in the import and export of drinking glasses.