The HS Code 91040025 refers to instrument panel clocks designed for use in vehicles, air/spacecraft, and vessels. These clocks are equipped with a clock movement that is over 50 mm wide and feature an opto-electronic display. The minimum value for each clock is $10.
When it comes to international trade, countries often impose tariffs or duties on imported goods. The bound or most-favored-nation (MFN) duty rate for this particular HS code is 3.9% on the movement and case of the clock, and an additional 5.3% on the battery.
In the context of trade agreements, countries are required to offer the same trade barriers or market openings to all their trading partners. This means that if a country lowers a trade barrier or opens up a market for a specific product, it must do so for all its trading partners.
The quantity unit for this HS code is measured in numbers (NO), indicating the number of instrument panel clocks being imported or exported.
There are several special tariff preference programs that apply to this HS code. These programs provide certain benefits or exemptions to eligible countries. The following programs offer duty-free treatment for imports of instrument panel clocks:
Additionally, there are specific special rates or agreements in place for certain countries or regions:
It is important for importers and exporters to be aware of these special tariff preference programs and agreements, as they can significantly impact the cost and competitiveness of their products in different markets.
In terms of importing and exporting to the United States, the HS code 91040025 can be traded between various states within the country.
Overall, understanding the HS code 91040025 and its associated data is crucial for businesses involved in the import and export of instrument panel clocks for vehicles, air/spacecraft, and vessels. Compliance with tariff rates and taking advantage of special tariff preference programs can help businesses optimize their trade operations and enhance their competitiveness in the global market.