Demystifying Duty Rates: What You Need to Know When Importing Cars into the US

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In this video, we discuss the duty rates for importing cars into the United States. Duty rates are taxes or fees imposed by the US government on imported goods, including vehicles. They are calculated based on the vehicle's value, which includes the transaction price and associated costs. The Harmonized System (HS) code for cars is 8703 and is essential for determining the applicable duty rates. Most cars have a duty rate of 2.5% of the vehicle's value, but different rates may apply for specific categories like trucks, motorcycles, or exotic cars. Other fees and taxes, such as customs processing fees and state or local taxes, should also be considered. Working with a customs broker can help ensure a clear understanding of all costs involved.
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Video Disclaimer Here: For educational purposes - No affiliation with US government sectors.

(00:34:01) Duty rates are taxes or fees imposed by the U.S. government on imported goods, including vehicles, and are determined by factors such as country of origin, type of vehicle, and its value.

(01:36:14) Duty rates for importing cars into the U.S. are typically 2.5% of the vehicle's value, calculated based on the Harmonized System (HS) code for cars, which is 8703.

(01:47:19) Different duty rates may apply for vehicles in specific categories like trucks, motorcycles, or exotic cars, so it's important to consult with a customs broker or U.S. Customs and Border Protection for accurate information.

(02:09:13) In addition to duty rates, there are other fees and taxes to consider when importing cars into the U.S., including customs processing fees, harbor maintenance fees, and state or local taxes. Working with a customs broker can help ensure a clear understanding of all costs involved.