HS Code 82059000 represents sets of articles, specifically handtools and other specified tools, that fall under two or more subheadings of heading 8205. This code is used globally to classify and track the import and export of these products. Understanding this HS code is essential for businesses involved in the trade of handtools and specified tools.
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate is the rate of duty applicable to the articles in the set that is subject to the highest rate of duty. 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. The MFN duty rate ensures fairness and non-discrimination in international trade.
Quantity Unit:
The quantity unit for HS Code 82059000 is pieces (PCS). This unit indicates that the set of articles is measured and traded as individual pieces rather than by weight or volume.
Special Tariff Preference Programs:
HS Code 82059000 is eligible for various special tariff preference programs. These programs provide specific benefits and exemptions to importers and exporters based on the country they are trading with. The following are some of the special tariff preference programs applicable to this HS code:
Importing US States and Exporting US States:
HS Code 82059000 is applicable to all importing and exporting US states. This means that handtools and other specified tools falling under this HS code can be traded between any US state without any restrictions or additional duties imposed based on the state of origin or destination.
HS Code 82059000 classifies sets of articles, including handtools and other specified tools. This code is used to track and regulate international trade in these products. Understanding the specific details and tariff preferences associated with this HS code is crucial for businesses involved in the import and export of handtools and specified tools.