The HS Code 98160040 refers to articles that are intended for personal or household use, or as gifts, with a value not exceeding $1,000. These articles are typically brought by individuals arriving from insular possessions. In this article, we will explore the details of this HS Code and provide additional information related to it.
The bound / MFN (Most Favored Nation) duty rate for HS Code 98160040 is 1.5 percent of the fair retail value. The concept of MFN is an important principle in international trade, which states that whenever 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.
For HS Code 98160040, the quantity unit is not available (NA). This means that the specific unit of measurement for this particular category of articles is not specified or relevant.
There are several special tariff preference programs that apply to HS Code 98160040. These programs provide certain benefits or exemptions from duties for specific countries. The following are the special tariff preference programs applicable to this HS Code:
These special tariff preference programs allow for reduced or exempted duty rates for imports of articles falling under HS Code 98160040, depending on the country of origin or destination.
While the data provided does not specify the exporting US states, it does indicate that the importing state in the US is Utah. This means that articles falling under HS Code 98160040 are being imported into the state of Utah.
HS Code 98160040 encompasses articles for personal or household use, valued not over $1,000, accompanying a person arriving from insular possessions. It is important for importers and exporters to be aware of the specific details and regulations associated with this HS Code, including the applicable duty rates and special tariff preference programs.