The HS Code 82054000 represents a specific category of products, namely screwdrivers and base metal parts thereof. This code is used in international trade to classify and categorize goods for customs and statistical purposes. Understanding this code is essential for importers, exporters, and policymakers to facilitate trade and ensure compliance with international regulations.
Screwdrivers are essential tools in various industries and applications. They are used to tighten or loosen screws, making them indispensable for construction, manufacturing, automotive, and household tasks. The base metal parts included in this category refer to the components and accessories associated with screwdrivers, such as handles, shafts, and tips.
When importing or exporting screwdrivers and their base metal parts, it is crucial to know the applicable duty rates. The bound or most-favored-nation (MFN) duty rate for HS Code 82054000 is 6.2%. This means that countries must apply this rate uniformly for all trading partners when lowering trade barriers or opening up markets. It aims to ensure fair and non-discriminatory treatment in international trade.
In addition to the standard duty rate, there are special tariff preference programs available for HS Code 82054000. These programs provide trade benefits and duty-free treatment for eligible countries. The following countries enjoy special tariff preferences for this HS code:
These programs aim to promote economic cooperation, development, and market access between the participating countries. Importers and exporters from these countries can benefit from reduced or eliminated tariffs when trading screwdrivers and base metal parts under HS Code 82054000.
It is important to note that the quantity unit for this HS code is "no units collected (X)." This indicates that the specific quantity or measurement unit is not applicable or not collected for statistical purposes. Importers and exporters should rely on other means of determining quantities, such as weight, volume, or packaging units, when dealing with products falling under this HS code.
HS Code 82054000 represents screwdrivers and their base metal parts. This code is essential for classifying and categorizing these products in international trade. Importers and exporters need to be aware of the applicable duty rates and special tariff preference programs to optimize their trade operations. Understanding the nuances of this HS code ensures compliance with regulations and facilitates smooth trade transactions.