Municipal Bond Certificates from Japan
Engraved municipal bond certificates issued by local governments representing debt obligations with fixed interest payments. These are documents of title with recognized market value. Under HTS 4907.00.00.00 as bond certificates.
Duty Rate — Japan → United States
12.5%
Rate breakdown
9903.05.4912.5%Except for products described in headings 9903.05.85–9903.05.92, articles the product of Japan, with an ad valorem (or ad valorem equivalent) rate of duty under column 1 less than 12.5 percent, as provided for in U.S. note 52 to this subchapter
Import Tips
• Provide municipal bond prospectus and official statement documentation
• MSRB registration may be required for broker-dealers importing securities
• Distinguish from savings bonds; municipal obligations have different regulatory treatment