Glass inners for vacuum flasks or for other vacuum vessels fall under HS Code 70200040. This code is used to classify and identify these specific types of products for import and export purposes. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity units, and special tariff preference programs.
The product description for HS Code 70200040 is "Glass inners for vacuum flasks or for other vacuum vessels." This means that it refers to the glass components that are used as inner linings for vacuum flasks or other containers designed to maintain a vacuum. These glass inners play a crucial role in the insulation and preservation of heat or cold in such vessels.
Glass inners are commonly used in various industries, including household goods, food and beverage, laboratory equipment, and more. They provide a durable and effective solution for maintaining the desired temperature inside vacuum flasks or vessels.
The bound / MFN duty rate for HS Code 70200040 is 6.6%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 6.6% to the import or export of glass inners for vacuum flasks or other vacuum vessels from all its trading partners.
Duty rates are important factors to consider when engaging in international trade. They can impact the cost of importing or exporting goods and can vary depending on the country and trade agreements in place.
The quantity unit for HS Code 70200040 is "number" (NO). This means that the quantity of glass inners for vacuum flasks or other vacuum vessels is measured and reported in the number of individual units. The unit of measurement may vary depending on the specific product and its packaging.
When importing or exporting glass inners, it is important to accurately report the quantity to ensure compliance with customs regulations and to facilitate smooth trade transactions.
HS Code 70200040 is eligible for several special tariff preference programs that provide certain countries with preferential treatment or duty-free access to the United States market. The following countries or programs offer special rates for glass inners:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and the participating countries. By granting preferential treatment or duty-free access, they facilitate the flow of goods and strengthen bilateral trade relationships.
The import and export of glass inners for vacuum flasks or other vacuum vessels under HS Code 70200040 can involve various US states. The specific states involved in importing and exporting may vary depending on factors such as production centers, distribution networks, and trade agreements.
Common US states involved in the import of glass inners may include California, Texas, New York, and Illinois, among others. These states often serve as major entry points for imported goods and have well-established ports and customs facilities.
When it comes to exporting, states such as Ohio, Pennsylvania, Michigan, and Massachusetts are known for their manufacturing capabilities and may contribute to the export of glass inners to other countries.
Understanding the import and export dynamics of glass inners can help businesses optimize their supply chains and identify potential trade partners or markets.
HS Code 70200040 represents glass inners for vacuum flasks or other vacuum vessels. This article has provided an extensive overview of this HS code, including its product description, duty rates, quantity units, special tariff preference programs, and the involvement of US states in importing and exporting. Having a comprehensive understanding of HS codes is essential for businesses engaged in international trade to ensure compliance and maximize opportunities.