Limited Trade Activity Reported for Personal Gift Exemptions with Åland Islands
Recent data indicates minimal trade activity under HS Code 9804.00.30 for personal gift exemptions (articles not exceeding $100 in value) between the United States and Åland Islands, a semi-autonomous region of Finland. This exemption applies to bona fide gifts accompanying travelers who meet specific conditions.
2023-10-15
Impact: Negligible impact on overall trade due to the small scale and specific nature of this exemption; primarily affects individual travelers rather than commercial entities.
U.S. Customs Clarifies Rules for Gift Exemptions on Åland Islands Travelers
U.S. Customs and Border Protection issued a reminder about the eligibility criteria for claiming exemptions under HS Code 9804.00.30, including the $100 value limit on articles (excluding alcohol and cigarettes, but allowing up to 100 cigars) as bona fide gifts for travelers from regions like Åland Islands staying in the U.S. for at least 72 hours.
2023-09-20
Impact: Increased awareness may lead to a slight uptick in travelers utilizing this exemption, though trade volume remains insignificant due to limited travel between the regions.
Åland Islands Tourism Board Highlights U.S. Gift Exemption Benefits
The Åland Islands Tourism Board promoted the U.S. personal gift exemption under HS Code 9804.00.30 to encourage cultural exchanges through small-value gifts, noting the allowance for articles up to $100 for travelers meeting the 72-hour stay and 6-month prior claim restrictions.
2023-08-05
Impact: Potential minor increase in personal gift exchanges, but no significant impact on broader trade metrics between the United States and Åland Islands.
