Instrument panel clocks play an essential role in vehicles, air/spacecraft, and vessels, providing accurate timekeeping for various operations. HS Code 91040010 specifically refers to instrument panel clocks that have a clock movement over 50 mm wide and are electric, excluding those with optoelectronic displays, and are not sold for more than $10 each.
When importing or exporting goods, it is crucial to understand the HS code and its associated regulations. The HS code acts as a universal classification system for goods, enabling governments to impose tariffs, track trade statistics, and enforce regulations. In this article, we will delve into the specifics of HS Code 91040010 and explore the duties, quantity unit, and special tariff preference programs associated with it.
The product description for HS Code 91040010 is as follows: instrument panel clocks for vehicles, air/spacecraft, and vessels. These clocks have a clock movement over 50 mm wide and are electric, excluding optoelectronic displays. They should not be sold for more than $10 each.
When importing instrument panel clocks under HS Code 91040010, the bound/Most Favored Nation (MFN) duty rate is 20 cents each. Additionally, there are specific duty rates applicable to the clock movement, case, and battery:
It is important to note that duty rates may change over time or differ between countries. Always consult the relevant customs authorities for the most up-to-date information.
The quantity unit for HS Code 91040010 is 'number' (NO), indicating that the quantity of instrument panel clocks should be reported in the form of a numerical count.
Several special tariff preference programs offer reduced or duty-free rates for imports under HS Code 91040010. These programs aim to promote trade and economic development. The following programs provide special rates:
These special tariff preference programs may provide duty-free treatment or reduced rates on the movement, case, and battery. Additionally, Chile has a special rate of 2.5% each on the movement and case, and 0.4% on the battery.
HS Code 91040010 applies to instrument panel clocks imported and exported from various US states. The specific states involved in the trade will depend on the importers and exporters. It is essential to adhere to the regulations and documentation requirements set by the respective US states and customs authorities.
HS Code 91040010 pertains to instrument panel clocks used in vehicles, air/spacecraft, and vessels. Importers and exporters should be aware of the duty rates, quantity unit, and special tariff preference programs associated with this HS code. Staying informed about the regulations and requirements ensures smooth and compliant international trade operations.