Interchangeable tools play a crucial role in various industries, providing efficiency and versatility in metal cutting processes. HS Code 82079045 specifically pertains to interchangeable tools, not elsewhere specified, suitable for cutting metal, as well as base metal parts.
When it comes to international trade, understanding the Harmonized System (HS) codes is essential. These codes are used globally to classify and identify products for customs and statistical purposes. HS Code 82079045 enables traders, customs officials, and statisticians to have a standardized understanding of the specific product being imported or exported.
The product description associated with HS Code 82079045 is "Interchangeable tools, nesoi, suitable for cutting metal, nesoi and base metal parts thereof." This description provides a general idea of the products covered under this code.
Now, let's delve into the details of HS Code 82079045:
The bound/Most Favored Nation (MFN) duty rate for HS Code 82079045 is 4.8%. The MFN duty rate is the maximum rate that a country can charge on imports of a specific product. This rate applies uniformly to all trading partners unless a country has negotiated a preferential trade agreement.
It's important to note that trade barriers can be lowered or market access can be opened by countries, but they must do so for the same goods or services from all their trading partners.
For HS Code 82079045, no units are collected (X). This means that the quantity of the product being imported or exported is not measured or reported in a specific unit.
HS Code 82079045 benefits from several special tariff preference programs, which provide certain countries with preferential treatment or duty-free access to the United States market. The following programs apply to this HS code:
These special tariff preference programs aim to promote trade, economic development, and cooperation between the United States and the participating countries.
HS Code 82079045 applies to imports and exports from various states in the United States. The specific states involved in importing and exporting products under this HS code may vary depending on the trade activities and preferences of businesses and individuals.
It's worth noting that HS Code 82079045 is just one among thousands of HS codes used to classify different products traded internationally. Understanding these codes and their associated details is crucial for efficient customs clearance, accurate trade statistics, and compliance with international trade regulations.
HS Code 82079045 covers interchangeable tools suitable for cutting metal, as well as base metal parts. Traders and customs officials can rely on this code to identify and classify these products accurately. Additionally, the special tariff preference programs and duty rates associated with this HS code provide opportunities for duty-free trade and market access for eligible countries.