HS Code 82073030: Interchangeable Tools for Pressing, Stamping or Punching
Interchangeable tools for pressing, stamping, or punching are essential equipment in various industries, especially those involving metalworking. These tools are designed to cut metal and its base metal parts, making them indispensable in manufacturing processes. HS Code 82073030 specifically refers to these types of interchangeable tools, and understanding its details can be beneficial for both importers and exporters.
The HS Code system is a standardized international system used for classifying and categorizing traded goods. It helps countries maintain consistency in customs procedures, tariffs, and trade statistics. HS Code 82073030 is assigned to interchangeable tools for pressing, stamping, or punching, which are primarily used for cutting metal and its base metal parts.
One crucial aspect of HS Codes is the bound or most-favored-nation (MFN) duty rate. The bound duty rate for HS Code 82073030 is 5.7%. When 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. This ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 82073030 is measured in numbers (NO). This unit signifies that the quantity of interchangeable tools for pressing, stamping, or punching is counted individually.
Many special tariff preference programs offer benefits for imports and exports of goods under HS Code 82073030. These programs provide duty-free treatment or reduced tariffs for eligible countries. The following countries enjoy special tariff preferences for this HS Code:
- Australia (Special Rate)
- Bahrain (Special Rate)
- Canada (NAFTA - duty-free treatment)
- Chile (Special Rate)
- Caribbean Basin Initiative (CBI)
- Israel (Special Rate - duty-free treatment)
- Andean Trade Preference Act (ATPA)
- Jordan (Special Rate)
- Morocco (Special Rate)
- Mexico (NAFTA - duty-free treatment)
- Oman (Special Rate)
- Dominican Republic-Central American (DR-CAFTA) (Special Rate)
- Peru (Special Rate)
- Singapore (Special Rate)
These special tariff preference programs aim to promote trade and economic cooperation between countries. By offering duty-free treatment or reduced tariffs, they encourage the import and export of interchangeable tools for pressing, stamping, or punching, ultimately facilitating global trade.
When importing goods under HS Code 82073030, it is essential to consider the regulations and requirements of the importing and exporting US states. Each state may have specific rules related to customs procedures, documentation, and licensing. Compliance with these regulations ensures smooth and legal trade operations.
HS Code 82073030 covers interchangeable tools for pressing, stamping, or punching, particularly used for cutting metal and its base metal parts. Understanding this HS Code and its associated tariff preferences can benefit both importers and exporters, allowing them to navigate international trade with ease and take advantage of duty-free treatment or reduced tariffs.
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