Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 82042000: Socket wrenches and base metal parts

Socket wrenches are versatile tools used in various industries and households for tightening or loosening bolts and nuts. They are commonly used in automotive repair, construction, and maintenance work. The HS Code 82042000 specifically refers to socket wrenches, with or without handles, drives and extensions, and base metal parts thereof.

When importing or exporting socket wrenches, it is important to be familiar with the HS Code 82042000. This code is used worldwide to classify and categorize products for customs and trade purposes. It helps facilitate international trade by providing a standardized system for identifying and tracking goods.

The bound/MFN (Most Favored Nation) duty rate for products classified under HS Code 82042000 is 9%. 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. This promotes fair and equal trade practices among nations.

The quantity unit for HS Code 82042000 is "no units collected (X)". This indicates that the quantity of socket wrenches being imported or exported is not measured in specific units but rather considered as a single entity.

There are several special tariff preference programs available for products classified under HS Code 82042000. These programs offer reduced or duty-free rates for eligible countries. Some of the special tariff preference programs applicable to socket wrenches include:

• Generalized System of Preferences (GSP): This program provides duty-free treatment for eligible developing countries.
• Australia Special Rate: Australia has a special rate agreement for socket wrenches.
• Bahrain Special Rate: Bahrain offers a special rate for socket wrench imports.
• NAFTA for Canada: Under the North American Free Trade Agreement, Canada enjoys duty-free treatment for socket wrenches.
• Chile Special Rate: Chile has a special rate agreement for socket wrench imports.
• Caribbean Basin Initiative (CBI): This program provides duty-free treatment for eligible Caribbean countries.
• Israel Special Rate: Israel offers duty-free treatment for socket wrench imports.
• Andean Trade Preference Act (ATPA): This program provides duty-free treatment for eligible Andean countries.
• Jordan Special Rate: Jordan has a special rate agreement for socket wrench imports.
• Morocco Special Rate: Morocco offers a special rate for socket wrench imports.
• NAFTA for Mexico: Mexico enjoys duty-free treatment for socket wrenches under the North American Free Trade Agreement.
• Oman Special Rate: Oman has a special rate agreement for socket wrench imports.
• Dominican Republic-Central American Special Rate (DR-CAFTA): This program provides duty-free treatment for eligible countries in the Dominican Republic-Central America Free Trade Agreement.
• Peru Special Rate: Peru offers a special rate for socket wrench imports.
• Singapore Special Rate: Singapore has a special rate agreement for socket wrench imports.

It is essential for importers and exporters to be aware of these special tariff preference programs to take advantage of reduced or duty-free rates, which can significantly impact the cost of trade.

When importing socket wrenches into the United States, the exporting country must comply with the regulations and requirements set by the US customs authorities. Similarly, when exporting socket wrenches from the United States, the importing country's regulations and requirements must be adhered to.

HS Code 82042000 is used to classify socket wrenches and base metal parts for customs and trade purposes. Understanding this code and the associated duty rates and special tariff preference programs is crucial for importers and exporters to navigate international trade successfully.