The HS Code 98010080 refers to previously exported articles, excluding aircraft, that are subject to duty upon their return. This code is used to classify and regulate the importation of these goods.
When an article falls under this HS code, it means that it has been exported from the country before and is now being brought back. In such cases, a duty is imposed on the importation of these articles, which is equivalent to the sum of any duty and internal-revenue tax imposed on similar articles that were not previously exported.
The duty rate for products classified under HS Code 98010080 is determined based on the duty and tax rates applicable to similar articles that were not previously exported. However, the duty imposed on these articles cannot exceed the sum of any customs drawback proved to have been allowed upon the original exportation.
It is important to note that 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 fairness and equal treatment among trading partners.
The quantity unit for products classified under HS Code 98010080 is "no units collected (X)," indicating that specific units of measurement are not applicable to this code. This suggests that the duty calculation is not based on the quantity or volume of the articles but rather on the value or other parameters.
There are several special tariff preference programs associated with HS Code 98010080. These programs provide certain countries with preferential treatment or exemptions from duties. The following countries enjoy free trade under this HS code:
These countries have specific trade agreements or arrangements with the United States that grant them favorable treatment for articles classified under HS Code 98010080.
It is essential for importers and exporters to be aware of the specific regulations and requirements associated with HS Code 98010080 when dealing with previously exported articles. Understanding the duty rates, special tariff preference programs, and any additional regulations can help ensure compliance and facilitate smooth trade operations.