Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 82055930: Crowbars, Track Tools, and Wedges, and Base Metal Parts Thereof

The HS Code 82055930 refers to a specific product category that includes crowbars, track tools, wedges, and their base metal parts. These tools are commonly used in various industries and applications for tasks such as prying, lifting, and separating objects.

This HS code is used to classify and identify these specific types of tools for international trade purposes. It helps in determining the appropriate customs duties, taxes, and regulations applicable to these products when they are imported or exported.

Here are some important details related to the HS Code 82055930:

• Product Description: The products covered by this HS code include crowbars, track tools, wedges, and their base metal parts. These tools are designed to provide leverage and strength for various manual tasks.
• Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for products under this HS code is free. This means 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 promotes fair and equal trade.
• Quantity Unit: The quantity unit for this HS code is kilograms (KG). This unit is used to measure the weight of the products being imported or exported.
• Special Tariff Preference Programs: Several countries offer special tariff preference programs for products classified under this HS code. These programs provide additional benefits or exemptions from duties and taxes. Some of the countries that offer special rates for these products include Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and others.

Importing and exporting these products require compliance with the regulations of both the importing and exporting countries. It is important to understand the specific requirements, documentation, and procedures involved in international trade to ensure smooth transactions.

The HS Code 82055930 serves as a standardized classification system that simplifies international trade and facilitates the movement of goods across borders. It enables customs authorities, traders, and other stakeholders to accurately identify and categorize these products for regulatory and statistical purposes.

By using the HS code, importers and exporters can easily determine the applicable duties and taxes, access preferential treatment programs, and ensure compliance with the regulations of the countries involved in the trade.

Overall, the HS Code 82055930 plays a crucial role in the global trade of crowbars, track tools, wedges, and their base metal parts. It provides a standardized framework for classifying and regulating these products, promoting fair trade practices and facilitating international commerce.