When it comes to aluminum handtools and base metal parts, the HS Code 82055970 is what you need to know. This code specifically refers to handtools made of aluminum that are not for household use, as well as the base metal parts that accompany them. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity units, and special tariff preference programs.
The product description for HS Code 82055970 is "Aluminum handtools (other than household) nesoi, and base metal parts thereof." This means that the code covers a wide range of aluminum handtools that are not intended for household use. It also includes the base metal parts that are associated with these handtools.
The bound or Most Favored Nation (MFN) duty rate for HS Code 82055970 is 1.5 cents per kilogram (KG) plus 3.5% of the value. 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. It is important to note that duty rates may vary depending on the country and specific trade agreements in place.
The quantity unit for HS Code 82055970 is kilograms (KG). This means that the measurement and pricing of the handtools and base metal parts are based on their weight in kilograms. It is important to consider this unit when importing or exporting these goods to ensure accurate calculations and compliance with regulations.
There are several special tariff preference programs available for HS Code 82055970. These programs provide certain countries with preferential treatment, including duty-free access to the United States market. The countries eligible for these programs include:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and these countries. Importers and exporters should be aware of these programs and take advantage of the benefits they offer.
HS Code 82055970 applies to both importing and exporting states within the United States. This means that handtools and base metal parts falling under this code can be imported or exported from any state in the country. It is important for businesses and individuals involved in the trade of these goods to comply with the relevant regulations and documentation requirements.
HS Code 82055970 covers aluminum handtools (other than household) and their base metal parts. This code is essential for importers, exporters, and anyone involved in the trade of these goods. Understanding the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code is crucial for a successful and compliant trade operation.