Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 68043000: Hand Sharpening or Polishing Stones

When it comes to sharpening or polishing stones, HS Code 68043000 is the designated code used in international trade. This code helps in identifying and classifying these specific products, making it easier for customs officials and traders to track and regulate their import and export.

Hand sharpening or polishing stones, as the name suggests, are tools used for sharpening or polishing various objects. They are commonly used in industries such as woodworking, metalworking, and even in households for sharpening knives and other cutting tools. These stones come in various shapes, sizes, and materials, each designed for specific purposes.

As per the HS Code 68043000, the bound or most-favored-nation (MFN) duty rate for hand sharpening or polishing stones is free. This means that countries are not required to impose any duty or tariff on these products when imported or exported. This helps in promoting trade and ensuring equal treatment for all trading partners.

Furthermore, there are special tariff preference programs available for hand sharpening or polishing stones under the HS Code 68043000. These programs offer duty-free treatment for specific countries. Some of these programs include:

• Generalized System of Preferences (GSP): Provides duty-free treatment for eligible countries.
• Australia Special Rate: Australia enjoys a special rate for these products.
• Bahrain Special Rate: Bahrain has a specific preferential rate.
• NAFTA for Canada: Canada benefits from duty-free treatment under the North American Free Trade Agreement.
• Chile Special Rate: Chile enjoys a special rate for these goods.
• Caribbean Basin Initiative (CBI): Provides duty-free treatment for eligible countries in the Caribbean region.
• Israel Special Rate: Israel receives duty-free treatment for hand sharpening or polishing stones.
• Andean Trade Preference Act (ATPA): Eligible countries under ATPA receive preferential treatment.
• Jordan Special Rate: Jordan has a specific preferential rate for these products.
• Morocco Special Rate: Morocco enjoys a special rate for hand sharpening or polishing stones.
• NAFTA for Mexico: Mexico benefits from duty-free treatment under the North American Free Trade Agreement.
• Oman Special Rate: Oman has a specific preferential rate.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Eligible countries under DR-CAFTA receive preferential treatment.
• Peru Special Rate: Peru enjoys a special rate for these goods.
• Singapore Special Rate: Singapore has a specific preferential rate.

These special tariff preference programs aim to promote trade and strengthen economic ties between countries. By providing duty-free treatment or preferential rates, countries can attract more imports and exports, resulting in increased business opportunities and economic growth.

When importing hand sharpening or polishing stones into the United States, it is important to be aware of the specific regulations and requirements. Similarly, when exporting these products from the United States, exporters need to comply with the regulations of the destination country. This ensures smooth and legal trade operations.

HS Code 68043000 represents hand sharpening or polishing stones in international trade. This code helps in identifying and classifying these products, making it easier for customs officials and traders to regulate their import and export. With a bound duty rate of free and various special tariff preference programs available, hand sharpening or polishing stones enjoy favorable treatment in international trade, promoting economic growth and business opportunities.