The HS Code 98130075 refers to automobiles, chassis, bodies, cutaway portions, and parts for such vehicles that are finished, unfinished, or cutaway, specifically intended for show purposes. This code is used to classify and regulate the import and export of these products.
When importing or exporting goods under this HS code, it is essential to understand the associated regulations, duty rates, and special tariff preference programs. Let's delve into the details:
The HS Code 98130075 covers a wide range of products related to automobiles. This includes complete vehicles, their chassis and bodies, as well as cutaway portions used for demonstration or display purposes. Additionally, it also encompasses various parts and components specifically designed for these vehicles.
The bound or most favored nation (MFN) duty rate for products falling under HS Code 98130075 is free, under bond, as prescribed in U.S. note 1 to this subchapter. This means that no duty is levied on these goods when imported or exported, provided they meet the defined criteria.
Under certain circumstances and with specific countries, special tariff preference programs may apply to products classified under HS Code 98130075. These programs offer preferential treatment in terms of duty rates. Here are some relevant programs:
Depending on the country of origin or destination, these special tariff preference programs may entitle the importers or exporters to either duty-free treatment or a reduced duty rate of 1.5 percent of the fair retail value.
While the specific importing states may not be provided in the available data, it is important to note that the HS Code 98130075 is applicable throughout the United States. Importers and exporters from any state, including Utah, can utilize this code to classify their products and comply with the associated regulations.
The data does not include information about the specific US states that export products falling under HS Code 98130075. However, this code is relevant for exporters from any state in the United States, allowing them to identify and categorize their goods correctly.
the HS Code 98130075 is crucial for the classification and regulation of automobiles, chassis, bodies, cutaway portions, and parts intended for show purposes. Importers and exporters should be aware of the duty rates, special tariff preference programs, and applicable regulations to ensure compliance and a smooth trading process.