Glassware plays a significant role in our daily lives, especially when it comes to table or kitchen purposes. From serving dishes to decorative pieces, glassware adds elegance and functionality to our homes. One specific category of glassware, identified by the HS code 70134930, encompasses cut or engraved glassware valued over $3 but not over $5 each. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The HS code 70134930 refers to glassware for table or kitchen purposes, excluding drinking glasses. This category includes a wide range of glassware items such as plates, bowls, platters, serving trays, and other similar items. The glassware in this category is specifically cut or engraved, adding a touch of artistry and sophistication to the pieces. The value of each item falls within the range of over $3 but not over $5, making them affordable yet premium options for consumers.
When it comes to international trade, duty rates play a crucial role in determining the cost of importing or exporting goods. The bound or most-favored-nation (MFN) duty rate for HS code 70134930 is 11.3%. 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 duty rate ensures fair and equal treatment for all trading partners in terms of import duties.
The quantity unit for HS code 70134930 is "number" (NO). This unit refers to the number of individual glassware items being imported or exported. It provides a clear measurement of the quantity being traded, allowing for accurate tracking and valuation of the goods.
Several special tariff preference programs are applicable to glassware falling under HS code 70134930. These programs offer reduced or duty-free treatment for imports from specific countries. Here are the details of the special tariff preference programs for this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between countries by offering favorable conditions for specific goods. Importers and exporters can take advantage of these programs to reduce costs and increase competitiveness in the global market.
The HS code 70134930 applies to glassware imports and exports across various US states. The specific states involved in importing or exporting glassware falling under this HS code may vary depending on market demand and trade partnerships. However, some of the prominent states engaged in glassware trade include California, Texas, New York, Illinois, Florida, and Ohio.
the HS code 70134930 represents cut or engraved glassware for table or kitchen purposes, valued over $3 but not over $5 each. This category of glassware adds elegance and artistry to our homes, making it a popular choice for consumers. With duty rates, special tariff preference programs, and quantity units, this HS code plays a crucial role in facilitating international trade. Importers and exporters should stay updated with the relevant regulations and take advantage of the available special tariff programs to enhance their business prospects.