When it comes to securing our valuables, padlocks play a crucial role in providing us with peace of mind. One such type of padlock is categorized under HS Code 83011090. This code specifically refers to padlocks made of base metal and constructed using either a cylinder or pin tumbler mechanism. These padlocks are designed to be over 6.4cm wide, ensuring durability and strength.
HS Code 83011090 is used internationally to classify and identify this particular type of padlock for trade and regulatory purposes. It serves as a standardized code that enables consistent classification and tracking of these products across various countries and customs authorities.
Understanding the details of HS Code 83011090 is essential for importers, exporters, and regulatory bodies. Let's delve deeper into the specifics of this HS code and explore its implications.
The product description for HS Code 83011090 is as follows: Padlocks, base metal, of cylinder or pin tumbler construction, over 6.4cm wide. This description provides a clear and concise understanding of the product being classified under this HS code.
The bound or most-favored-nation (MFN) duty rate for HS Code 83011090 is 4.2%. This rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of duty rates.
It is important for importers and exporters to consider the bound / MFN duty rate when calculating the overall cost and profitability of trading padlocks under this HS code.
The quantity unit specified for HS Code 83011090 is dozens (DOZ). This unit of measurement indicates that the padlocks are typically traded, sold, or transported in quantities of twelve units. Understanding this quantity unit is essential for accurate inventory management, pricing, and logistics planning.
HS Code 83011090 is eligible for various special tariff preference programs. These programs provide specific benefits and exemptions to eligible countries or regions. Let's take a closer look at the special tariff preference programs applicable to this HS code:
These special tariff preference programs aim to promote trade, economic growth, and cooperation among participating countries. Importers and exporters should thoroughly research and understand the specific requirements and benefits offered by these programs to maximize their trading opportunities.
HS Code 83011090 applies to both importing and exporting padlocks within the United States. It is important to note that certain states may have additional regulations or requirements for the import or export of these goods.
Importing US states may have specific licensing, documentation, or inspection requirements that importers need to fulfill when bringing padlocks classified under HS Code 83011090 into their jurisdiction. It is advisable to consult with the relevant state authorities or customs agencies to ensure compliance with all necessary regulations.
Similarly, exporting US states may also have their own requirements or restrictions when exporting padlocks classified under HS Code 83011090. Exporters should familiarize themselves with these regulations to avoid any delays or non-compliance issues.
HS Code 83011090 plays a significant role in classifying and regulating padlocks made of base metal and constructed using cylinder or pin tumbler mechanisms. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is crucial for importers, exporters, and regulatory bodies. By adhering to the classification guidelines and complying with relevant regulations, trade in these padlocks can be conducted smoothly and efficiently.