Hand-operated non-adjustable spanners and wrenches, and base metal parts thereof are classified under HS Code 82041100. This code is used to identify and categorize these specific products for international trade purposes. Understanding the HS code system is essential for importers, exporters, and customs officials to ensure accurate classification and proper application of tariffs and trade regulations.
The product description of HS Code 82041100 includes hand-operated non-adjustable spanners and wrenches, as well as their base metal parts. These tools are commonly used in various industries and applications where manual tightening or loosening of bolts and nuts is required. They are designed to provide a secure grip and leverage for efficient and effective fastening operations.
When it comes to trade barriers and market access, the MFN (Most-Favored Nation) principle plays a crucial role. The bound / MFN duty rate for products classified under HS Code 82041100 is 9%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same tariff rate of 9% to the hand-operated non-adjustable spanners and wrenches, and base metal parts thereof from all its trading partners.
It is important to note that special tariff preference programs can provide exemptions or reduced duty rates for certain countries. For HS Code 82041100, the following countries have special tariff preference programs:
Importing and exporting these products can vary across different US states. The specific regulations and requirements may depend on the state of importation and exportation. It is advisable for businesses and individuals involved in international trade to be aware of the specific rules and procedures applicable to their respective states.
HS Code 82041100 represents hand-operated non-adjustable spanners and wrenches, and base metal parts thereof. Understanding this HS code is crucial for accurate classification, application of tariffs, and compliance with trade regulations. Special tariff preference programs can provide exemptions or reduced duty rates for eligible countries, promoting trade facilitation and economic cooperation.