HS Code 82060000 refers to tools that are packaged in sets for retail sale. These tools are classified under headings 8202 to 8205, which include hand tools, cutting tools, and other similar products. The code is used to identify and categorize these specific tools for international trade purposes.
The quantity unit for this HS code is measured in pieces (PCS). When importing or exporting these tools, the number of individual pieces in the set is taken into account.
One important aspect to consider when dealing with HS Code 82060000 is the bound or Most Favored Nation (MFN) duty rate. The duty rate applicable to the tools in the set is determined by the highest rate of duty for any individual article within the set. This means that if a country lowers trade barriers or opens up a market, it must do so for all its trading partners, ensuring equal treatment for the same goods or services.
Various special tariff preference programs apply to HS Code 82060000. These programs provide specific benefits and exemptions for certain countries. The following countries or regions are eligible for special rates or duty-free treatment:
In addition, the African Growth and Opportunity Act (AGOA), the Caribbean Basin Initiative (CBI), the Andean Trade Preference Act (ATPA), and the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA) also provide duty-free treatment for imports from eligible countries.
It is important to note that the specific rates and details of these special tariff preference programs may vary for each country or region. Importers and exporters should consult the relevant trade agreements and customs authorities to determine the applicable rates and requirements.
When importing tools under HS Code 82060000 to the United States, it is necessary to consider the specific regulations and requirements of each state. Different states may have additional restrictions or licensing requirements for certain types of tools.
Similarly, when exporting tools from the United States, it is essential to be aware of the regulations and requirements of the destination country. Each country may have its own import regulations, customs procedures, and documentation requirements.
HS Code 82060000 provides a standardized classification for tools packaged in sets for retail sale. Understanding the duty rates, special tariff preference programs, and import/export regulations associated with this code is crucial for businesses engaged in international trade of these tools.