When it comes to importing or exporting clocks with watch movements, it is important to understand the HS code 91039000. This code specifically refers to clocks that are not electrically operated and excludes clocks of heading 9104. In this article, we will explore the details of this HS code, the associated tariff rates, and special tariff preference programs.
The HS code 91039000 is used to classify clocks with watch movements that are not powered by electricity. This includes a wide range of clocks, such as analog mechanical clocks and quartz clocks, but excludes electrically operated clocks. By using this HS code, customs officials can easily identify and categorize these specific types of clocks.
Now, let's delve into the details of the tariff rates associated with HS code 91039000. The bound or Most Favored Nation (MFN) duty rate for clocks with watch movements is 24 cents each, with an additional 4.6% duty on the case. It is important to note that this rate may vary depending on the country and any trade barriers or market openings that may occur.
In the context of trade, the principle of MFN states that when a country lowers a trade barrier or opens up a market for specific goods or services, it must do so for all its trading partners. This means that the MFN duty rate applies to clocks with watch movements from all countries unless specific tariff preference programs are applicable.
Speaking of tariff preference programs, there are several that offer special rates or duty-free treatment for clocks with watch movements classified under HS code 91039000. These programs include:
These special tariff preference programs serve to promote trade relations and provide various benefits for the importation of clocks with watch movements under HS code 91039000. Depending on the country of import or export, businesses can take advantage of these programs to access duty-free treatment or special rates, which can significantly impact the cost of trade.
When importing or exporting clocks with watch movements under HS code 91039000, it is essential to be aware of the specific requirements and regulations of both the importing and exporting countries. Compliance with customs procedures and accurate classification under the appropriate HS code is crucial for smooth trade operations.
the HS code 91039000 is used to classify clocks with watch movements that are not electrically operated. It is important to understand the associated tariff rates, such as the bound or MFN duty rate of 24 cents each with an additional 4.6% on the case. Furthermore, there are several special tariff preference programs that offer duty-free treatment or special rates for clocks with watch movements. By leveraging these programs, businesses can enhance their competitiveness and take advantage of favorable trade conditions.