Interchangeable tools for handtools are an essential part of various industries and DIY enthusiasts' toolkits. These tools provide versatility and flexibility by allowing users to switch between different tool heads for different tasks. HS Code 82079060 specifically refers to interchangeable tools for handtools that are not suitable for cutting metal, nesoi (not elsewhere specified or included), and base metal parts thereof.
When it comes to international trade, HS codes play a crucial role in classifying products and determining the applicable customs duties. The HS code 82079060 helps customs authorities identify and categorize these specific interchangeable tools for handtools, making the import and export process more efficient.
The bound or Most Favored Nation (MFN) duty rate for HS Code 82079060 is 4.3%. This rate is applicable whenever a country lowers a trade barrier or opens up a market, and it must do so for the same goods or services from all its trading partners. This ensures fairness and equal treatment among trading nations.
In terms of quantity unit, no units are collected for HS Code 82079060 (X). This means that the customs authorities do not measure or collect duties based on the quantity of these interchangeable tools. Instead, the duty rate is applied to the value or price of the imported or exported goods.
There are also special tariff preference programs available for HS Code 82079060. These programs provide certain countries with preferential treatment or exemptions from customs duties. The following countries are eligible for special tariff preference programs for this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between countries. They encourage the importation and exportation of goods by reducing or eliminating customs duties, making products more affordable and competitive in the global market.
Importing and exporting HS Code 82079060 can occur between various US states. The specific states involved in the import and export of these interchangeable tools for handtools may vary depending on market demand, manufacturing capabilities, and distribution networks.
HS Code 82079060 encompasses interchangeable tools for handtools that are not suitable for cutting metal, nesoi, and their base metal parts. This HS code helps customs authorities classify and regulate the import and export of these tools. With a bound duty rate of 4.3% and various special tariff preference programs available, trade in these tools is facilitated, promoting economic growth and international cooperation.