Glassware for table or kitchen purposes is an essential item in every household. From serving dishes to decorative pieces, glassware adds elegance and functionality to our everyday lives. The HS Code 70134960 specifically refers to glassware for table or kitchen purposes (other than drinking glasses), not cut or engraved, and valued over $5 each. In this article, we will explore more details about this HS Code, including its description, duty rates, quantity units, and special tariff preference programs.
Glassware for table or kitchen purposes includes a wide range of items such as plates, bowls, serving trays, vases, and more. These items are designed to be used in dining areas or kitchens, enhancing the overall presentation and functionality of the space. However, it is important to note that this HS Code specifically excludes drinking glasses, which fall under a different classification.
The glassware covered by HS Code 70134960 is not cut or engraved. This means that it does not have any intricate patterns or designs etched onto the surface. The value of each glassware item should be over $5, indicating that it is of higher quality and potentially more durable than cheaper alternatives.
The bound or most-favored-nation (MFN) duty rate for glassware under HS Code 70134960 is 7.2%. The MFN duty rate refers to the rate applied to imports from all trading partners when a country lowers a trade barrier or opens up a market. This ensures that the same goods or services receive equal treatment regardless of the country of origin.
It is important for importers and exporters to be aware of the duty rate as it affects the cost of trade. The 7.2% duty rate may vary depending on any preferential trade agreements or special tariff preference programs that the countries involved may have.
The quantity unit for glassware under HS Code 70134960 is number (NO). This means that the quantity of glassware items imported or exported is measured in individual units. Each item is counted separately, providing a clear indication of the quantity being traded.
Several special tariff preference programs exist for glassware under HS Code 70134960. These programs offer specific benefits and preferential treatment to certain countries or regions. Some of the notable programs include:
These special tariff preference programs provide opportunities for importers and exporters to benefit from reduced or duty-free treatment when trading glassware under HS Code 70134960. It is important to familiarize oneself with the specific requirements and eligibility criteria of each program to take full advantage of the benefits they offer.
When it comes to glassware trade under HS Code 70134960, both importing and exporting US states play a significant role. The demand for glassware varies across different states, influenced by factors such as population, economic activity, and cultural preferences.
Some of the major importing US states for glassware under HS Code 70134960 include California, Texas, New York, Florida, and Illinois. These states have a high demand for glassware due to their large population and thriving hospitality industries. Glassware importers targeting these states should consider the specific market conditions and competition.
On the other hand, the major exporting US states for glassware under HS Code 70134960 include Ohio, Pennsylvania, Indiana, New York, and California. These states are known for their glass manufacturing industries and have a strong presence in the global glassware market. Exporters from these states have the advantage of established supply chains and expertise in glassware production.
HS Code 70134960 covers glassware for table or kitchen purposes (other than drinking glasses), not cut or engraved, and valued over $5 each. Importers and exporters need to be aware of the duty rates, quantity units, and special tariff preference programs associated with this HS Code. By understanding these details, businesses can make informed decisions and capitalize on the opportunities presented by the glassware trade.