Base metal luggage locks fall under HS Code 83014030. This code is used to classify and identify these specific types of locks for customs and international trade purposes. In this article, we will explore the product description, duty rates, quantity units, special tariff preference programs, and importing/exporting US states related to this HS code.
Base metal luggage locks are locks primarily used for securing luggage, suitcases, bags, and other travel accessories. These locks are made from base metals, which include various non-precious metals such as steel, iron, brass, or aluminum. They provide a level of security to prevent unauthorized access to personal belongings during travel.
The bound or most-favored-nation (MFN) duty rate for HS Code 83014030 is 3.1%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 3.1% for the import or export of base metal luggage locks from all its trading partners. This rate ensures fair and equal treatment for all countries participating in international trade.
The quantity unit for base metal luggage locks is dozens (DOZ). This means that these locks are typically traded and measured in multiples of twelve. The use of dozens as a quantity unit allows for easier calculation and standardization in international trade transactions.
Base metal luggage locks classified under HS Code 83014030 are eligible for various special tariff preference programs. The following countries or regions offer preferential treatment or duty-free access to imports of these locks:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties for specific products.
For imports of base metal luggage locks into the United States, one of the states involved in trade is Kansas. It is important to note that this information pertains specifically to the importing side of the trade. Exporting US states, on the other hand, are not specified in the provided data.
Overall, HS Code 83014030 plays a crucial role in classifying and facilitating the international trade of base metal luggage locks. Understanding the product description, duty rates, quantity units, special tariff preference programs, and participating US states can help businesses and individuals navigate the import and export processes more effectively.