When it comes to international trade, each product is assigned a Harmonized System (HS) code, which helps classify and identify goods for customs and tariff purposes. In this article, we will explore HS Code 98160020, which covers articles for personal or household use, or as gifts, valued not over $1,000, accompanying a person arriving in the U.S.
Under this HS Code, these articles can be imported duty-free or with a minimal duty rate, depending on the country of origin and specific trade agreements. Let's delve into the details of HS Code 98160020:
The product description for HS Code 98160020 is articles for personal or household use, or as gifts, valued not over $1,000, accompanying a person arriving in the U.S. This category encompasses a wide range of items that individuals typically bring with them, such as clothing, accessories, personal electronics, and small household items.
The bound / most-favored-nation (MFN) duty rate for HS Code 98160020 is 3 percent of the fair retail value. The MFN principle states that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This ensures equal treatment and non-discrimination among trading nations.
The quantity unit for HS Code 98160020 is not available (NA). This means that the code does not specify a particular unit of measurement for the articles included in this category. The focus is on the value and purpose of the items rather than their quantity or weight.
HS Code 98160020 is eligible for various special tariff preference programs, depending on the country of origin. The following countries have specific rates for this HS Code:
These special tariff preference programs aim to promote trade and strengthen economic ties between the United States and these countries. They may offer reduced or zero-duty rates for specific products, including those falling under HS Code 98160020.
HS Code 98160020 is relevant for individuals bringing articles for personal or household use into the United States. While the specific importing states are not mentioned in the provided data, it is important to note that this HS Code applies to all U.S. states, including Utah. Individuals arriving in any state can take advantage of the duty-free or low-duty rates when importing articles covered under this code.
The data does not specify the exporting U.S. states for articles falling under HS Code 98160020. However, it is important to note that this code pertains to the importation of goods into the United States rather than their exportation.
HS Code 98160020 covers articles for personal or household use, or as gifts, valued not over $1,000, accompanying a person arriving in the U.S. This HS Code allows for duty-free or low-duty importation, depending on the country of origin and specific trade agreements. Understanding and correctly classifying products under the appropriate HS codes is essential for smooth international trade and compliance with customs regulations.