The HS Code 82055980 refers to a specific category of products known as "Base metal, nesoi, handtools (o/than household), and base metal parts thereof." This HS code is used to classify and regulate the import and export of various hand tools made from base metals, excluding those intended for household use. It also includes the parts and components of these hand tools.
When importing or exporting goods under the HS Code 82055980, it is important to understand the associated regulations, duty rates, and special tariff preference programs that may apply. Let's delve deeper into these aspects to gain a comprehensive understanding of this HS code.
The products falling under HS Code 82055980 are primarily hand tools made from base metals. These can include but are not limited to wrenches, pliers, hammers, screwdrivers, saws, and similar tools used in various industries, such as construction, manufacturing, and maintenance. The HS code also encompasses the base metal parts and components used in the production of these hand tools.
The bound / MFN duty rate for HS Code 82055980 is 3.7%. This means that whenever 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. The duty rate of 3.7% is applicable to the declared value of the imported or exported goods falling under this HS code.
According to the available data, no specific quantity unit has been collected for HS Code 82055980. This may indicate that the quantity of goods imported or exported under this code is not measured in a conventional unit but rather based on the declared value or weight of the shipment.
Various special tariff preference programs are available for the products falling under HS Code 82055980. These programs provide certain countries with preferential treatment in terms of duty-free or reduced-duty access to the US market for specific goods. The following countries enjoy special tariff rates for the import of hand tools and parts under this HS code:
It is important to note that these special tariff preference programs may have specific eligibility criteria and requirements that importers and exporters must fulfill to qualify for the preferential treatment.
The data provided does not specify the importing or exporting US states for the products falling under HS Code 82055980. However, it is safe to assume that these hand tools and parts are imported and exported by various states across the United States. The distribution and trade of these goods are likely spread throughout the country.
HS Code 82055980 encompasses a wide range of base metal hand tools and parts. Importers and exporters must be aware of the associated duty rates, special tariff preference programs, and regulatory requirements to ensure smooth trade operations. By understanding the details of this HS code, businesses can effectively navigate international trade regulations and optimize their import and export activities.