The HS Code 81052060 refers to the product description of Cobalt (other than alloys), unwrought. This code is used to classify and identify this specific product for international trade purposes. Understanding the HS code is essential for importers, exporters, and customs officials to ensure accurate classification and appropriate duty rates for the product.
The bound / MFN (Most Favored Nation) duty rate for HS Code 81052060 is free. This means that there are no tariffs or duties imposed on imports of this product. It is important to note that whenever 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. This principle of non-discrimination ensures fair and equal treatment in international trade.
The quantity unit for HS Code 81052060 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported product. It helps in calculating the total value and cost of the product during customs clearance and trade transactions.
There are special tariff preference programs available for imports of HS Code 81052060. These programs provide preferential treatment, such as duty-free or reduced duty rates, for eligible countries. The countries included in the special tariff preference programs for this HS code are:
When importing HS Code 81052060 into the United States, the state of Maryland is listed as one of the importing states. This information is relevant for businesses and individuals located in Maryland who are involved in the importation of Cobalt (other than alloys), unwrought.
Overall, understanding the HS Code 81052060 and its associated data is crucial for international trade. It helps in accurately classifying the product, determining duty rates, and accessing any available tariff preference programs. Importers, exporters, and customs officials should be familiar with the HS code and its details to ensure compliance with trade regulations and facilitate smooth trade transactions.