The HS Code 82055960 refers to copper handtools (other than household) and base metal parts thereof. This code is used to classify and identify these specific types of products for trade and customs purposes.
Copper handtools are tools made primarily of copper or copper alloys, which are used for various purposes such as cutting, shaping, and manipulating materials. These tools are commonly used in industries such as construction, plumbing, and metalworking.
The inclusion of "nesoi" in the product description indicates that this HS code covers copper handtools that are not specified elsewhere. It means that this code is a catch-all category for copper handtools that do not have their own specific HS code.
Base metal parts are components or accessories made of non-precious metals that are used in conjunction with the copper handtools. These parts can include handles, blades, fasteners, and other fittings. They play a crucial role in the overall functionality and durability of the handtools.
When it comes to trade, the HS code plays a significant role in facilitating international commerce. It allows customs authorities to identify and classify goods accurately, enabling the proper assessment of duties and taxes. It also helps in gathering trade statistics and monitoring the flow of goods between countries.
The bound or MFN (Most Favored Nation) duty rate for HS Code 82055960 is free. This means that when a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. Therefore, no duty is levied on the importation of copper handtools and base metal parts under this HS code.
Some countries have special tariff preference programs in place for certain goods, including copper handtools. Under these programs, specific countries or regions may enjoy preferential treatment, such as lower or zero duty rates. For HS Code 82055960, the following countries have special tariff preferences:
These special tariff preference programs aim to promote economic cooperation and development between countries by providing incentives for trade. They encourage the importation of goods by reducing or eliminating duties, thereby making the products more affordable and accessible to consumers.
Importing and exporting of HS Code 82055960 products occur between various US states and countries worldwide. The specific states involved in the importation and exporting of these products may vary depending on market demand, production capabilities, and trade agreements.
the HS Code 82055960 represents copper handtools (other than household) and base metal parts. It is an essential classification code used in international trade to identify and regulate the importation and exportation of these products. Understanding the HS code and its associated duty rates and tariff preference programs is crucial for businesses and individuals engaged in the trade of copper handtools and their components.