Padlocks are essential security devices used to protect valuable possessions, ensuring peace of mind for individuals, businesses, and institutions alike. The HS Code 83011060 refers to padlocks made of base metal, specifically those constructed with a cylinder or pin tumbler mechanism and not exceeding a width of 3.8cm. Let's delve deeper into the various aspects of these padlocks and explore their features, applications, and international trade regulations.
The product description of HS Code 83011060 specifies the key characteristics of the covered padlocks. These padlocks are primarily made of base metal, ensuring durability and strength. The construction of these padlocks involves a cylinder or pin tumbler mechanism, which enhances security by preventing unauthorized access. Additionally, the width of these padlocks should not exceed 3.8cm, making them suitable for a wide range of applications.
The bound / MFN (Most Favored Nation) duty rate for HS Code 83011060 is 6.1%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 6.1% for padlocks falling under this HS code from all its trading partners. This standardized duty rate ensures fair and equitable trade practices among nations.
The quantity unit for HS Code 83011060 is dozens (DOZ). This unit of measurement indicates that the trade and import/export statistics for these padlocks are typically recorded and reported in terms of dozens. It provides a standardized method to measure and track the volume of padlock trade across different countries.
Several special tariff preference programs exist for padlocks falling under HS Code 83011060. These programs offer preferential treatment or duty-free status for eligible countries. The following countries and programs provide special rates or duty-free treatment for padlocks:
These special tariff preference programs aim to promote trade and economic cooperation between countries, fostering mutually beneficial relationships and encouraging market access for padlock exporters.
Padlocks falling under HS Code 83011060 are subject to import and export regulations in the United States. While the data regarding specific importing and exporting US states is not provided, it is important to note that padlocks are in demand throughout the country. From residential properties to commercial establishments, padlocks find extensive use in securing various assets, including doors, gates, lockers, and storage units.
HS Code 83011060 encompasses padlocks made of base metal, featuring a cylinder or pin tumbler construction and a width not exceeding 3.8cm. These padlocks serve as robust security devices, protecting valuable possessions and ensuring peace of mind. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is essential for businesses and individuals involved in the international trade of padlocks.