When it comes to international trade, it is important to have a standardized system to classify products. The Harmonized System (HS) Code provides a unique code for each product, allowing for easy identification and classification. One such HS Code is 82119510, which refers to base metal handles for table knives with fixed blades.
Base metal handles for table knives are an essential component in the cutlery industry. They provide a sturdy and comfortable grip for users, ensuring safe and efficient handling of knives. This particular HS Code specifically refers to handles for table knives that have fixed blades, meaning that the blade is permanently attached to the handle.
When importing or exporting products with HS Code 82119510, it is important to be aware of the associated customs duties and tariff rates. The bound or Most Favored Nation (MFN) duty rate for this product is 0.3 cents each plus 4.9%. This means that for every unit of base metal handles for table knives with fixed blades, a duty of 0.3 cents is applied, along with an additional 4.9% of the product's value.
Furthermore, it is worth noting that certain countries have special tariff preference programs in place for products classified under HS Code 82119510. For example, the United States provides duty-free treatment for this product under various programs such as the Generalized System of Preferences (GSP), NAFTA for Canada and Mexico, the Caribbean Basin Initiative (CBI), and the Dominican Republic-Central American Special Rate (DR-CAFTA).
Other countries that offer special tariff rates for base metal handles for table knives with fixed blades include Australia, Bahrain, Chile, Israel, Jordan, Morocco, Oman, Peru, and Singapore. These countries have specific trade agreements or preferential arrangements with the United States that allow for reduced or eliminated duties on this product.
It is important for importers and exporters to be aware of these special tariff preference programs when trading base metal handles for table knives with fixed blades. By taking advantage of these programs, businesses can benefit from reduced costs and increased competitiveness in the international market.
HS Code 82119510 refers to base metal handles for table knives with fixed blades. This product plays a crucial role in the cutlery industry and is subject to specific customs duties and tariff rates. Importers and exporters should also be aware of the special tariff preference programs available for this product, which can provide cost-saving opportunities and enhance trade relationships between countries.