The HS Code 82075060 refers to a specific category of products: interchangeable tools for handtools, specifically for drilling purposes (other than rock drilling), not suitable for cutting metal, and their base metal parts. This code is used to classify and identify these products for international trade and customs purposes.
When importing or exporting goods, it is essential to correctly identify and classify them using the appropriate HS code. This helps streamline customs procedures, determine applicable duties and taxes, and ensure compliance with international trade regulations.
The product description for HS Code 82075060 emphasizes that these interchangeable tools are designed specifically for drilling and are not suitable for cutting metal. It also includes the base metal parts associated with these tools.
When it comes to duty rates, the bound or MFN (Most Favored Nation) duty rate for HS Code 82075060 is 5.2%. The MFN duty rate represents the standard rate applied to imports from all trading partners, ensuring equal treatment for the same goods or services.
It is worth noting that certain countries have special tariff preference programs in place for products classified under HS Code 82075060. These programs provide preferential treatment in terms of duty rates or exemptions. Some of the countries offering such preferences include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and others.
For the United States, there is no specific quantity unit collected for HS Code 82075060 (X). This means that the duty rate is applied based on the value or weight of the goods rather than a specific unit of measurement.
When it comes to importing and exporting these products, it is also interesting to consider the states involved. The importing US states and exporting US states play a crucial role in the international trade of goods classified under HS Code 82075060. The specific dynamics between these states can impact trade flows, logistics, and market demand.
HS Code 82075060 represents interchangeable tools for handtools designed for drilling (excluding rock drilling), not suitable for cutting metal, and their base metal parts. This code is used to classify and identify these products for customs and trade purposes. Understanding the duty rates, special tariff preference programs, and the role of importing and exporting US states can help businesses navigate the international trade landscape more effectively.