The HS Code 70189050 refers to articles made of glass beads, pearls, and imitation stones, as well as statuettes and ornaments made of lamp-worked glass. This code is used to classify and identify these specific types of products for international trade purposes.
When importing or exporting goods, it is important to understand the HS code as it helps customs authorities determine the appropriate duties and taxes applicable to the product. In this case, the bound or Most Favored Nation (MFN) duty rate for HS Code 70189050 is 6.6%. This means that every time 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.
It is worth noting that the quantity unit for HS Code 70189050 is "no units collected (X)." This implies that the quantity of these articles is not measured in traditional units but rather categorized differently, such as by weight or volume.
There are also special tariff preference programs in place for HS Code 70189050. These programs provide specific countries with preferential treatment, such as duty-free access to the US market. The countries eligible for these programs include:
These special tariff preference programs aim to promote trade and economic development between the US and these countries by providing them with favorable trade conditions.
When it comes to importing articles of glass beads, pearls, and imitation stones under HS Code 70189050, it is important to consider the specific regulations and requirements of the US states involved. In this case, the data provided indicates that the product has been imported to Rhode Island.
Overall, understanding the HS Code 70189050 is essential for importers, exporters, and customs authorities to accurately classify, track, and regulate the trade of articles made of glass beads, pearls, and imitation stones.