The HS Code 82034030 refers to a specific category of tools that includes pipe cutters, bolt cutters, perforating punches, and similar tools. These tools are designed for cutting various materials and are equipped with cutting parts made of certain metals.
According to the product description, the cutting parts of these tools must contain less than 0.2% of chromium (Cr), molybdenum (Mo), or tungsten (W), or less than 0.1% of vanadium (V). The remaining components of these tools are made of base metals.
When it comes to trade barriers and market access, the bound or Most Favored Nation (MFN) duty rate for HS Code 82034030 is set at 6%. This rate applies to imports of these tools from any country. The MFN principle states that any trade barrier reduction or market opening must be applied uniformly to all trading partners.
The quantity unit for this HS Code is "no units collected" (X), which means that there is no specific unit of measurement used for the collection of data regarding the quantity of imported or exported goods under this code.
There are several special tariff preference programs that provide exemptions or reduced duty rates for imports of products falling under HS Code 82034030. These programs aim to promote trade and economic cooperation between the United States and certain countries. The countries eligible for special tariff preference programs for this HS Code include:
These special tariff preference programs include the Generalized System of Preferences (GSP), the Australian Special Rate, the Bahrain Special Rate, the North American Free Trade Agreement (NAFTA) for Canada and Mexico, the Chile Special Rate, the Caribbean Basin Initiative (CBI), the Israel Special Rate, the Andean Trade Preference Act (ATPA), the Jordan Special Rate, the Morocco Special Rate, the Oman Special Rate, the Dominican Republic-Central American Special Rate (DR-CAFTA), and the Peru Special Rate.
In terms of importing, the HS Code 82034030 applies to all states within the United States. These tools can be imported into any state within the country. Similarly, the exporting of these tools from the United States can be done to any state or country in the world.
the HS Code 82034030 covers a range of tools used for cutting purposes, including pipe cutters, bolt cutters, and perforating punches. The code specifies the composition requirements for the cutting parts of these tools and provides information on the duty rates, special tariff preference programs, and importing/exporting states. Understanding the HS Code and its associated data is essential for businesses and individuals involved in international trade.