US custom Tariff on import of Electrical transformer from India (HSN : 8504230041)
Customs duty on Indian electrical transformers turns on HTS classification, MFN rate, and limited Section 232 exposure.
Imports of electrical transformers classified under HTS 8504.23.0041 from India attract the U.S. general MFN duty rate of 1.6% ad valorem, with no preferential tariff benefit available in the absence of a free trade agreement. Duty is assessed on CIF value, and the overall import burden may also include merchandise processing fee and harbor maintenance fee. Any additional tariff exposure depends on product coverage under prevailing U.S. trade measures at entry. (AI Summary)
Hi All,
I like to know what will be the Import custom duty applicable to the above product in USA.
Regards,
Sunil Kadam
Customs - Exim - SEZ