The HS Code 82071930 refers to interchangeable tools used for rock drilling or earth boring, specifically those with a cutting part containing less than 0.2% Cr, Mo, or W, or less than 0.1% V by weight, along with base metal parts. This code is used to classify and identify these specific tools for trade and regulatory purposes.
These rock drilling and earth boring tools are essential in various industries such as mining, construction, and infrastructure development. They are designed to penetrate through rock or other hard surfaces to create holes for various purposes, including laying foundations, installing utility pipes, and extracting minerals.
The HS Code 82071930 allows for a clear identification and classification of these tools, ensuring smooth international trade and compliance with import and export regulations. Additionally, it provides valuable information to customs authorities, allowing them to assess appropriate duties and tariffs on these products.
The products falling under HS Code 82071930 are interchangeable tools specifically designed for rock drilling or earth boring. These tools consist of a cutting part that contains less than 0.2% Cr, Mo, or W, or less than 0.1% V by weight. They also include base metal parts necessary for their functionality.
Interchangeable tools refer to those that can be easily attached or detached from drilling or boring equipment, allowing for flexibility and adaptability in various drilling applications. These tools are commonly used in combination with drilling rigs, excavators, or specialized drilling machinery.
The inclusion of specific alloying elements in the cutting part, such as chromium (Cr), molybdenum (Mo), tungsten (W), or vanadium (V), enhances the hardness, wear resistance, and overall performance of the tools. The base metal parts provide structural support and stability during drilling operations.
As per the bound or most-favored-nation (MFN) duty rate, the HS Code 82071930 attracts a 5% duty rate. This means that every time a country reduces a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners, including the interchangeable tools covered by this HS Code.
However, there are special tariff preference programs in place that offer duty-free treatment for the products falling under HS Code 82071930. These programs include:
These special tariff preference programs aim to promote trade, economic development, and cooperation among the participating countries.
The HS Code 82071930 plays a crucial role in classifying and identifying interchangeable tools used for rock drilling or earth boring. These tools are vital in industries such as mining, construction, and infrastructure development.
Understanding the product description and import duties associated with this HS Code helps ensure compliance with regulations and facilitates smooth international trade. The availability of special tariff preference programs further enhances trade opportunities by offering preferential duty rates or duty-free treatment for eligible imports.
Whether it's drilling for foundations, excavating tunnels, or exploring natural resources, the tools covered by HS Code 82071930 provide the necessary cutting-edge technology for efficient and effective rock drilling and earth boring operations.