Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 82077030: Interchangeable tools for milling

When it comes to international trade, it is essential to have a standardized system to classify and identify various products. One such system is the Harmonized System (HS) code, which is used worldwide. In this article, we will delve into the details of HS Code 82077030, which corresponds to interchangeable tools for milling with specific composition requirements.

Product Description

HS Code 82077030 covers interchangeable tools for milling, which are designed for cutting operations. These tools are made up of base metal parts along with a cutting part that contains certain percentages of Chromium (Cr), Molybdenum (Mo), or Tungsten (W). Additionally, the cutting part must contain over 0.1% by weight of Vanadium (V). These composition requirements ensure the tools' durability and efficiency during milling operations.

Duty Rates

When importing products classified under HS Code 82077030, a bound or Most-Favored-Nation (MFN) duty rate of 5% applies. The MFN duty rate signifies that every time a country reduces trade barriers or opens up its market, it must apply the same treatment to all its trading partners for the same goods or services.

Quantity Unit

The quantity unit for HS Code 82077030 is numbered as "NO," representing the number of units or pieces of interchangeable milling tools being imported or exported.

Special Tariff Preference Programs

Under various special tariff preference programs, certain countries enjoy preferential treatment or duty-free access when trading products classified under HS Code 82077030. These programs include:

• Generalized System of Preferences (GSP): This program grants duty-free treatment to eligible countries, ensuring easy access to the market.
• Australia Special Rate: Australia benefits from a specific tariff rate for this product.
• Bahrain Special Rate: Bahrain enjoys a special tariff rate for interchangeable milling tools.
• NAFTA for Canada: Canada, as part of the North American Free Trade Agreement (NAFTA), receives duty-free treatment for these tools.
• Chile Special Rate: Chile has a special tariff rate for products classified under HS Code 82077030.
• Caribbean Basin Initiative (CBI): Certain countries in the Caribbean Basin region benefit from duty-free access to the US market for these tools.
• Israel Special Rate: Israel enjoys duty-free treatment for interchangeable milling tools.
• Andean Trade Preference Act (ATPA): Countries in the Andean region have preferential access to the US market for these products.
• Jordan Special Rate: Jordan receives a special tariff rate for HS Code 82077030.
• Morocco Special Rate: Morocco enjoys a specific tariff rate for these tools.
• NAFTA for Mexico: Mexico benefits from duty-free treatment under the NAFTA agreement.
• Oman Special Rate: Oman has a special tariff rate for interchangeable milling tools.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Countries in the Dominican Republic-Central American Free Trade Agreement receive preferential treatment for these products.
• Peru Special Rate: Peru has a specific tariff rate for products classified under HS Code 82077030.
• Singapore Special Rate: Singapore enjoys a special tariff rate for interchangeable milling tools.

Importing and Exporting US States

The import and export of products classified under HS Code 82077030 can occur between various US states. The specific states involved in these trade activities can vary and depend on the business agreements and partnerships between companies and regions.

HS Code 82077030 represents interchangeable tools for milling with specific composition requirements. It is important for importers, exporters, and traders to understand the product description, duty rates, quantity unit, and applicable special tariff preference programs. By familiarizing themselves with these details, businesses can navigate international trade more effectively and take advantage of the opportunities offered by different markets.