The HS Code 98120020 refers to articles that are imported by certain organizations solely for exhibition purposes to encourage agriculture, arts, education, or science. This HS code is applicable to goods that are intended to be displayed in exhibitions related to these specific fields.
Under this HS code, the bound/MFN (Most Favored Nation) duty rate is free. This means that no duty is imposed on these imported articles, as long as they are imported under bond and in accordance with the regulations specified in U.S. note 2 to this subchapter.
It is important to note that when a country reduces trade barriers or opens up its market, it is obligated to do so for the same goods or services from all its trading partners. This principle ensures fair and equal treatment in international trade.
The quantity unit for this HS code is "no units collected (X)". This indicates that there is no specific unit of measurement for the imported articles under this code. The quantity is not measured or collected.
There are also special tariff preference programs applicable to imports under this HS code. The following countries or regions offer free tariff treatment for these articles: Bahrain (BH), Canada (CA) under NAFTA, Israel (IL), Jordan (JO), Morocco (MA), Mexico (MX) under NAFTA, Oman (OM), Panama (P), and Peru (PE).
Furthermore, some countries impose a tariff of 1.5 percent of the fair retail value on these imported articles. This tariff applies to imports from Chile (CL) and Singapore (SG).
In terms of importing US states, the data provided does not specify the exporting US states. However, it is worth mentioning that Utah is listed as the importing state for the articles under HS Code 98120020.
HS Code 98120020 represents articles imported for exhibition purposes to promote agriculture, arts, education, or science. These articles are duty-free under bond, as prescribed in U.S. note 2. Certain countries or regions offer special tariff preference programs, while others impose a small tariff based on the fair retail value. Utah is listed as an importing state for these articles.