The HS Code 82074060 refers to interchangeable tools for tapping or threading, not elsewhere specified or included (nesoi), and base metal parts thereof. This code is used for international trade to classify and categorize these specific products for import and export purposes.
Interchangeable tools for tapping or threading are essential in various industries such as manufacturing, construction, and automotive. These tools are designed to create or repair screw threads on different materials, including metal, plastic, and wood. They are commonly used in applications such as drilling, cutting, and shaping.
Base metal parts are the components or accessories that support the functionality and performance of these tools. They are typically made from materials such as steel, iron, or aluminum, which provide durability and strength.
The bound/MFN (Most Favored Nation) duty rate for HS Code 82074060 is 4.8%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate for the import or export of these goods or services from all its trading partners. The 4.8% duty rate is applicable regardless of the country of origin.
The quantity unit for HS Code 82074060 is "no units collected (X)." This indicates that the quantity of the products classified under this code is not assessed or collected in a specific unit of measurement. It may vary based on the specific trade transaction or agreement between the importing and exporting parties.
Under various special tariff preference programs, the importation of products classified under HS Code 82074060 may be eligible for duty-free treatment. The following countries or regions offer special rates or exemptions:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties and barriers for specific goods or services.
HS Code 82074060 allows for the import and export of interchangeable tools for tapping or threading, nesoi, and base metal parts thereof to and from various US states. The specific importing and exporting states may vary based on market demand, industrial needs, and trade agreements between the parties involved.
It is crucial for businesses involved in international trade to familiarize themselves with the regulations, customs requirements, and duty rates associated with HS Code 82074060 to ensure smooth import and export operations. Compliance with trade laws and proper classification of goods is essential for efficient and cost-effective trade transactions.