Glass beads and similar glass smallwares fall under HS Code 70181050. This code is used to classify and identify these specific products for international trade purposes. In this article, we will explore the details of this HS code, including its product description, duty rates, special tariff preference programs, and the importing and exporting US states.
The product description for HS Code 70181050 is "Glass beads (o/than imitat. pearls) & similar glass smallwares, nesoi." This means that it encompasses glass beads that are not imitations of pearls, as well as other glass smallwares that are not otherwise specified. The use of the term "nesoi" indicates that the code covers glass items that do not have a specific classification under other HS codes.
The bound or MFN (Most Favored Nation) duty rate for HS Code 70181050 is free. This means that no import duties are imposed on these products when they enter a country's market. According to the principle of MFN, 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. Therefore, the duty rate remains free for glass beads and similar glass smallwares under this HS code.
There are several special tariff preference programs applicable to HS Code 70181050. These programs offer duty-free treatment or special rate benefits for importing countries. The countries eligible for these programs include:
These special tariff preference programs aim to promote trade and provide benefits to the importing countries, encouraging economic growth and cooperation.
Based on the available data, the importing US state for glass beads and similar glass smallwares under HS Code 70181050 is Rhode Island. Unfortunately, there is no information provided regarding the exporting US states. However, it is worth noting that Rhode Island is a significant destination for these goods, indicating a demand for glass beads and small glasswares within the state.
HS Code 70181050 classifies glass beads and similar glass smallwares for international trade purposes. The code represents a specific product description, duty rates, special tariff preference programs, and information on importing and exporting US states. Understanding the details of HS codes is essential for traders, importers, and exporters to ensure compliance and facilitate smooth international trade.