The HS Code 82159130 refers to base metal forks that are plated with precious metal. This code is used for the classification and identification of these specific products in international trade.
When importing or exporting goods, it is essential to correctly identify and classify them according to their HS Code. This code helps determine the applicable duty rates, trade policies, and regulations associated with the product. For base metal forks plated with precious metal, the HS Code 82159130 is used globally.
Base metal forks are utensils commonly used for dining purposes. They are typically made from materials such as stainless steel, brass, or other non-precious metals. However, in the case of HS Code 82159130, these forks are additionally plated with a layer of precious metal, such as silver or gold.
One crucial aspect to consider when dealing with HS Code 82159130 is the bound or MFN (Most Favored Nation) duty rate. This rate applies when a country lowers a trade barrier or opens up a market, and it must be applied equally to all its trading partners for the same goods or services. In the case of base metal forks plated with precious metal, the bound duty rate is free.
The quantity unit for HS Code 82159130 is measured in numbers (NO). This means that the quantity of imported or exported base metal forks plated with precious metal is measured and reported in numerical terms.
Additionally, there are special tariff preference programs that apply to HS Code 82159130. These programs provide specific benefits or exemptions from duty rates for certain countries. For base metal forks plated with precious metal, the following countries enjoy free or preferential tariff treatment:
These countries have established trade agreements or programs that provide preferential treatment for base metal forks plated with precious metal imported from or exported to the United States.
It is important to note that the rate of duty applicable to HS Code 82159130 in the set subject to the highest rate of duty is Singapore's special rate. This means that if the forks are imported or exported to or from Singapore, the duty rate may be higher compared to other countries with preferential treatment.
When importing or exporting base metal forks plated with precious metal under HS Code 82159130, it is crucial to understand the specific regulations and requirements of the involved countries. Compliance with customs procedures, documentation, and tariff treatment is essential to ensure a smooth and efficient trade process.
Overall, HS Code 82159130 plays a vital role in the international trade of base metal forks plated with precious metal. It allows for the accurate classification, identification, and regulation of these products, ensuring fair trade practices and consistent application of duty rates across different countries.