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Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 98220402: An Overview of Goods of Australia

The HS Code 98220402 refers to goods originating from Australia. These goods fall under several product descriptions, including 0201.10.50, 0201.20.80, 0201.30.80, 0202.10.50, 0202.20.80, or 0202.30.80. It is important to note that these goods are subject to the provisions of US 8(c).

Bound / MFN Duty Rate

Every time 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 is known as the Bound / Most Favored Nation (MFN) duty rate. It ensures that all countries are treated equally in terms of international trade.

Quantity Unit

Unfortunately, the specific quantity unit for the goods under HS Code 98220402 is not available (NA). This means that the quantity measurement for these goods may vary depending on the specific product description.

Special Tariff Preference Programs

For goods under HS Code 98220402 originating from Australia, a special tariff preference program applies. The tariff rate for these goods is 17.1% (AU). This means that when importing these goods from Australia, a tariff rate of 17.1% will be applied.

It is important to note that this special rate is specific to Australia and may vary for goods originating from other countries. The special tariff preference program aims to promote trade and economic cooperation between Australia and the importing country.

Importing and Exporting US States

HS Code 98220402 applies to goods being imported into the United States from Australia. These goods may be distributed to various states within the US. Similarly, when exporting goods under this HS Code, they are being sent from a specific state within the US to Australia.

The specific importing and exporting states may vary depending on the trade agreements and arrangements between the two countries. It is essential for importers and exporters to be aware of the regulations and requirements associated with each state.

Conclusion

HS Code 98220402 encompasses goods originating from Australia, falling under specific product descriptions. These goods are subject to the provisions of US 8(c) and are eligible for special tariff preference programs. Importers and exporters need to be aware of the specific duty rates and regulations associated with these goods to ensure smooth international trade.



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