In international trade, the Harmonized System (HS) code is used to classify products for customs purposes. Each HS code represents a specific product or group of products, allowing for easier identification and categorization. HS Code 98130055 refers to articles of special design that are used temporarily and exclusively in connection with the manufacture or production of articles for export.
When importing goods with HS Code 98130055, it is important to understand the duties and tariff rates associated with the product. Bound/Most Favored Nation (MFN) duty rates for this HS code are free, under bond, as prescribed in U.S. note 1 to this subchapter. This means that there are no applicable duties for importing these articles, as long as they are used in connection with export production.
One significant aspect of international trade is the concept of trade barriers. When 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 principle ensures fair and equal treatment for all countries involved in the trading process.
The quantity unit for HS Code 98130055 is not available (NA). This means that the specific unit of measurement for these articles is not defined or specified. However, it does not affect the import or export process, as the focus is on the temporary use of these articles in connection with export production.
There are also special tariff preference programs available for products classified under HS Code 98130055. These programs provide certain countries with preferential treatment or reduced duty rates. For example, Bahrain, Canada (under NAFTA), Israel, Jordan, Mexico (under NAFTA), Oman, Peru, and the Dominican Republic-Central American countries (under DR-CAFTA) all receive duty-free treatment for these articles. On the other hand, Chile and Singapore are subject to a duty rate of 1.5 percent of the fair retail value.
When it comes to importing goods with HS Code 98130055 into the United States, the data shows that the state of Utah has been the primary destination. This information may be useful for businesses or individuals looking to import or export these articles and can help determine relevant market trends and demand.
Overall, HS Code 98130055 represents articles of special design exclusively used in connection with the manufacture or production of articles for export. Understanding the tariff rates, special tariff preference programs, and importing/exporting states can provide valuable insights for businesses and individuals involved in international trade.