When it comes to international trade, it is important to have a standardized system in place to classify different products. The Harmonized System (HS) code is an internationally recognized system that is used to classify goods for customs purposes. One such HS code is 82077060, which is used to classify interchangeable tools for milling, not elsewhere specified or included (nesoi), and base metal parts thereof.
The product description for HS Code 82077060 specifies that it includes interchangeable tools for milling, which refers to a variety of cutting tools used in milling operations. These tools are designed to remove material from a workpiece by advancing a cutter into the workpiece at a certain angle. The base metal parts included in this HS code are the components that make up these milling tools.
When importing or exporting goods classified under HS Code 82077060, it is important to be aware of the applicable duty rates. The bound or most-favored-nation (MFN) duty rate for this HS code is 2.9%. This means that every time 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.
The quantity unit for HS Code 82077060 is number (NO), which indicates that the goods are measured in terms of the number of units or pieces.
There are also special tariff preference programs available for goods classified under HS Code 82077060. These programs provide certain countries with preferential treatment in terms of duty rates. The following countries are eligible for free trade under specific programs:
These special tariff preference programs allow for reduced or duty-free treatment of goods classified under HS Code 82077060 when traded between the listed countries.
When importing goods classified under HS Code 82077060 into the United States, it is important to consider the importing and exporting US states. The specific states involved in the import and export process can have an impact on the customs procedures, regulations, and documentation required.
HS Code 82077060 is used to classify interchangeable tools for milling, not elsewhere specified or included, and base metal parts thereof. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is essential for international trade involving these goods.