hss drill bit hsn code

The Harmonized System of Nomenclature has designated a distinct code for bits made of high-speed steel (HSN code); specifically referring to HSS drill bits.

Holes in workpieces or materials are frequently made through drilling, a process widely used in the manufacturing and construction sectors. For applications requiring extreme accuracy, tougher materials such as High-Speed Steel (HSS) drill bits have proven particularly useful due to their strong build, remarkable durability, and ability to resist heat without blunting. Thus, https://www.drillbitfactory.com/hssco-step-drill-bits-for-metal-drilling/ have become the gold standard in fabricating precision holes.

To suit a range of drilling requirements, HSS drill bits come in multiple sizes and shapes, yet with the same shared characteristics; for example, a reinforced tip, a streak of high-grade steel and a slim silhouette. To make sure of their proper delivery to the suitable buyers across the globe, each tool is given an identification code as part of the global Harmonized System of Nomenclature (HSN) code system.

The 8207.19 HSN code is cryptically linked to HSS drill bits. Though it may appear straightforward, this numerical sequence actually offers acute insight about the product. Governments, businesses, and consumers can thus easily classify and identify the HSS drill bits thanks to this series of numerals. Each section of the code has a distinct meaning:

  • A classification for tools, implements, cutlery, and flatware of base metal is denoted by the first two digits in a series (82).
  • Drills and similar apparatus should be situated in accordance with the indicated two digits (07).

The subsequent two digits, 19, denote the classification of drill bits, countersinks, and any other metal drilling tools.

By assigning a common identifier to different commodities, HSN code facilitates the accurate and efficient tracking of international shipments. This standardized method reduces the risk of classification or descriptions errors, which could otherwise lead to costly confiscations, fines, and delays. It is also used for various taxation, trade statistics, and customs purposes to aid seamless cross-border trading.

In the end, HSS drill bits are highly important for industries that involve precision drilling and as a result, an HSN code has been implemented - 8207.19 - to classify, label and separate these tools according to international benchmarks. By understanding this number, corporations are able to adhere to customs regulations without hassle, giving buyers the additional assurance that the products they buy are up to standard and legitimate.

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Pub: 25 May 2023 06:30 UTC
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