Instrument panel clocks are an essential component of vehicles, air/spacecraft, and vessels. They provide accurate timekeeping and are designed to withstand the demanding conditions of these transportation systems. HS Code 91040020 specifically refers to instrument panel clocks with a clock movement over 50 mm wide, valued at no more than $10 each, and are non-electric.
These clocks play a vital role in ensuring that drivers, pilots, and sailors have access to accurate time information, which is crucial for navigation, scheduling, and coordination. They are commonly found in cars, trucks, airplanes, helicopters, ships, and other vehicles used for transportation purposes.
The HS Code 91040020 helps in clearly identifying and classifying instrument panel clocks for customs and trade purposes. This code is used globally to facilitate international trade and ensure proper taxation and regulatory compliance.
The bound or most-favored-nation (MFN) duty rate for instrument panel clocks is 30 cents each. This rate applies to every clock imported, regardless of the country of origin. Additionally, if a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
This means that the duty rate for instrument panel clocks remains consistent, regardless of any changes in trade policies or agreements. It ensures fair and equitable treatment for all trading partners and promotes a level playing field in international trade.
The quantity unit number (NO) is used to measure the number of instrument panel clocks being imported or exported. It helps in determining the quantity of goods involved in a trade transaction. In the case of HS Code 91040020, the quantity unit is expressed as "number," indicating the total count of clocks.
HS Code 91040020 is eligible for various special tariff preference programs that provide specific benefits and exemptions for certain countries. These programs aim to promote trade, economic development, and cooperation between nations. The following tariff preference programs apply to instrument panel clocks:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and these countries. By offering duty-free treatment or reduced tariffs, they incentivize imports and exports, fostering economic growth and international relations.
HS Code 91040020 represents instrument panel clocks for vehicles, air/spacecraft, and vessels. It plays a crucial role in classifying and regulating the import and export of these clocks. The bound duty rate, quantity unit number, and special tariff preference programs associated with this HS code provide valuable information for traders, customs officials, and policymakers involved in international trade.