; and (B) any yacht broker or dealer involved in the sale shall collect the duty and remit the duty to U.S. Customs and Border Protection within 15 days after the date on which the sale is completed; and (2) duty on the sale of a yacht described in paragraph (1) shall be calculated at the applicable rate provided under the Harmonized Tariff Schedule of the United States and shall be based upon the value of the yacht at the time of sale. (b) No posting of bond No bond may be required to be posted, upon entry of a used yacht into the customs territory of the United States, for the duty otherwise payable on the entry of a used yacht to which subsection (a) applies. (c) Definition As used in this section, the term used yacht means a vessel that has been sold, before the vessel is brought into the customs territory of the United States, by a manufacturer or dealer to a retail consumer and that is used primarily for recreation or pleasure. (d) Regulations The Commissioner responsible for U.S. Customs and Border Protection may issue such regulations as may be necessary to carry out this section. . (b) Relationship to Harmonized Tariff Schedule Additional U.S. Note 1 to chapter 89 of the Harmonized Tariff Schedule of the United States is amended by inserting , subject to section 484b of the Tariff Act of 1930 ( 19 U.S.C. 1484b ) after payment of duty . 2. Effective date The amendments made by section 1 shall apply to vessels entering the customs territory of the United States on or after the 15th day after the date of the enactment of this Act.