(FET) Federal Excise Tax
Federal excise tax is imposed on fishing goods sold in the US by the Federal Government. Such taxes may be imposed on the manufacturer, retailer or consumer, depending on the specific tax. For brands imported directly from Japan by Carolina Fishing Tackle an additional 10% tax will be collected on these items for the Federal Government.
The products that are subject to a 10% Federal Excise Tax (FET) include:
O.S.P Lures, Dream Express Lures, DRT, Dragon Lures, Elements, Grow Design Works, HMKL, ISM, Issei Lures, Kaesu Extreme Lure Factory,
Lawless Lures, Liberty Works Japan, Little Jack Lures, Madotachi Hanitas, Nishine Lure Works, Obasslive, Phat Lab Custom Lures, Ryugi,
Take Handmade Lures, Ten Feet Under, T.H Tackle, Wild Lures, and WooDream.