HS Code 83011080: Padlocks, base metal, of cylinder or pin tumbler construction, ov 3.8cm but n/o 6.4cm wide
Padlocks are an essential part of our daily lives, providing security and peace of mind. The HS Code 83011080 specifically refers to padlocks made of base metal and constructed with a cylinder or pin tumbler mechanism. These padlocks have a width of over 3.8cm but not exceeding 6.4cm.
Importing and exporting padlocks falls under certain regulations and tariffs, which vary depending on the country and its trade agreements. Let's delve deeper into the details of this HS code and understand its implications.
Bound / MFN duty rate: The bound or most-favored-nation (MFN) duty rate for padlocks with the HS code 83011080 is 4.8%. 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. This rate applies to the importation of padlocks under this HS code.
Quantity unit: The quantity unit for padlocks is measured in dozens (DOZ). This unit provides a standardized measurement for trading and logistics purposes.
Special tariff preference programs: Padlocks under the HS code 83011080 may be eligible for special tariff preference programs in certain countries. These programs aim to promote trade and economic growth. Here are some of the special tariff preference programs applicable to padlocks:
- Free Trade Agreement (FTA): Importing padlocks from countries that have signed a free trade agreement with the importing country may be eligible for duty-free treatment. Some FTA examples include A+, AU, BH, CA, CL, D, E, IL, J, JO, MA, MX, OM, P, PE, and SG.
- Australia Special Rate: Australia offers a special rate for importing padlocks, allowing for duty-free treatment.
- Bahrain Special Rate: Bahrain also provides a special rate for padlocks, ensuring duty-free treatment.
- NAFTA for Canada and Mexico: Under the North American Free Trade Agreement (NAFTA), padlocks imported from Canada and Mexico receive duty-free treatment.
- Chile Special Rate: Chile has a special rate for importing padlocks, offering duty-free treatment.
- Africa Growth and Opportunity Act (AGOA): AGOA provides duty-free treatment for padlocks imported from eligible African countries.
- Caribbean Basin Initiative (CBI): CBI allows for duty-free treatment of padlocks imported from certain Caribbean countries.
- Israel Special Rate: Israel offers a special rate for importing padlocks, ensuring duty-free treatment.
- Andean Trade Preference Act (ATPA): ATPA provides duty-free treatment for padlocks imported from eligible Andean countries.
- Jordan Special Rate: Jordan offers a special rate for importing padlocks, ensuring duty-free treatment.
- Morocco Special Rate: Morocco provides a special rate for importing padlocks, allowing for duty-free treatment.
- Dominican Republic-Central American Special Rate (DR-CAFTA): DR-CAFTA offers duty-free treatment for padlocks imported from eligible countries in the Dominican Republic and Central America.
- Peru Special Rate: Peru has a special rate for importing padlocks, ensuring duty-free treatment.
- Singapore Special Rate: Singapore offers a special rate for importing padlocks, allowing for duty-free treatment.
Importing US states: The HS code 83011080 applies to the importation of padlocks into the United States. Importing states within the US can receive padlocks under this HS code.
Exporting US states: The HS code 83011080 applies to the exportation of padlocks from the United States. Exporting states within the US can ship padlocks under this HS code to other countries.
the HS code 83011080 encompasses padlocks made of base metal and constructed with a cylinder or pin tumbler mechanism, with a width of over 3.8cm but not exceeding 6.4cm. Understanding the regulations, tariffs, and special tariff preference programs associated with this HS code is crucial for importers, exporters, and countries involved in international trade.
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