When it comes to international trade, it is essential to have a standardized system for classifying products. This is where the Harmonized System (HS) codes come into play. HS codes are used worldwide to categorize various products for the purpose of trade documentation, customs declarations, and statistical analysis. In this article, we will explore in detail the HS code 83021060, which refers to iron or steel, aluminum, or zinc hinges and base metal parts thereof, not designed for motor vehicles.
The HS code 83021060 specifically covers hinges and base metal parts made from iron, steel, aluminum, or zinc. These components are not intended for use in motor vehicles. This code is important for importers, exporters, and customs officials to accurately classify and track these products during international trade transactions.
One of the key elements to consider when dealing with HS codes is the bound or most-favored-nation (MFN) duty rate. For HS code 83021060, the bound duty rate is 3.5%. 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 3.5% duty rate is applied to the value of the product for customs purposes.
The quantity unit for products classified under HS code 83021060 is kilograms (KG). This is the unit of measurement used to determine the weight of the hinges and base metal parts being imported or exported.
Furthermore, there are special tariff preference programs that apply to HS code 83021060. These programs provide specific benefits or exemptions for certain countries. In the case of this HS code, the following countries enjoy special tariff rates:
These special tariff preference programs allow for reduced or duty-free treatment of products classified under HS code 83021060 when imported from or exported to the specified countries.
It is also worth noting that the importing US state for HS code 83021060 is Kansas. This means that if you are importing or exporting these hinges and base metal parts to or from the US, the state of Kansas is involved in the trade transaction.
HS code 83021060 is used to classify iron or steel, aluminum, or zinc hinges and base metal parts thereof, not designed for motor vehicles. It is important for international trade purposes, customs declarations, and statistical analysis. The bound duty rate is 3.5%, and the quantity unit is kilograms (KG). Additionally, there are special tariff preference programs that provide benefits or exemptions for certain countries. Understanding and correctly applying this HS code is crucial for smooth and compliant international trade.