example: acrylic charms
hts code: 3926.40.90
base duty rate: 5.3%
section 301: 25%
new law: 10%
duty owed on a $100 order of acrylic charms =
$100 x (5.3% + 25% + 10%) = $40.30
hts code: 3926.40.90
base duty rate: 5.3%
section 301: 25%
new law: 10%
duty owed on a $100 order of acrylic charms =
$100 x (5.3% + 25% + 10%) = $40.30
Comments
other shipping companies will have to employ a large brokerage team
currently almost no one is classifying small packages correctly
if a company has to classify items? brokerage fee.
cbp is accepting comments on this change until the end of March so no change yet