Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 91040045: Instrument Panel Clocks for Vehicles, Air/Spacecraft, Vessels

Instrument panel clocks play a crucial role in vehicles, air/spacecraft, and vessels, providing accurate timekeeping for various operations. The HS Code 91040045 specifically refers to instrument panel clocks with a watch or clock movement that are less than 50 mm wide and have an opto-electronic display only. This code helps in categorizing and regulating the import and export of these clocks.

When importing or exporting instrument panel clocks under HS Code 91040045, it is essential to consider the associated duties and special tariff preference programs. Let's delve into the details of these aspects:

Bound / MFN Duty Rate

The Bound / MFN (Most Favored Nation) duty rate for instrument panel clocks under HS Code 91040045 is 2.6% on the movement and case, and an additional 3.5% on the battery. This duty rate applies to all countries that engage in trade with the nation imposing the tariff. It ensures that trade barriers are lowered uniformly for the same goods or services from all trading partners.

Quantity Unit

The quantity unit for instrument panel clocks under HS Code 91040045 is 'number' (NO). This unit indicates that the quantity is measured by the number of clocks being imported or exported.

Special Tariff Preference Programs

Instrument panel clocks falling under HS Code 91040045 may qualify for special tariff preference programs, providing benefits such as duty-free treatment. Here are some of the special tariff preference programs applicable to this HS code:

• Free: Only imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under that subheading receive duty-free treatment.
• Australia Special Rate: Automotive Products Trade Act (APTA) grants duty-free treatment for imports from Australia.
• Bahrain Special Rate: Imports from Bahrain receive duty-free treatment under the applicable agreement.
• Agreement on Trade in Civil Aircraft: Instrument panel clocks eligible under this agreement receive duty-free treatment.
• NAFTA for Canada: Imports from Canada receive duty-free treatment under the North American Free Trade Agreement.
• Chile Special Rate: Imports from Chile receive duty-free treatment under the applicable agreement.
• Africa Growth and Opportunity Act (AGOA): Instrument panel clocks eligible under AGOA receive duty-free treatment.
• Caribbean Basin Initiative (CBI): Imports from eligible countries in the Caribbean Basin receive duty-free treatment.
• Israel Special Rate: Importing instrument panel clocks from Israel qualifies for duty-free treatment.
• Andean Trade Preference Act (ATPA): Imports from countries covered under ATPA receive duty-free treatment.
• Jordan Special Rate: Importing instrument panel clocks from Jordan qualifies for duty-free treatment.
• Morocco Special Rate: Imports from Morocco receive duty-free treatment under the applicable agreement.
• NAFTA for Mexico: Imports from Mexico receive duty-free treatment under the North American Free Trade Agreement.
• Oman Special Rate: Importing instrument panel clocks from Oman qualifies for duty-free treatment.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from the eligible countries under DR-CAFTA receive duty-free treatment.
• Peru Special Rate: Importing instrument panel clocks from Peru qualifies for duty-free treatment.
• Singapore Special Rate: Imports from Singapore receive duty-free treatment under the applicable agreement.

It is crucial for importers and exporters to be aware of these special tariff preference programs to take advantage of duty-free treatment and reduce costs.

Importing and Exporting US States

Instrument panel clocks under HS Code 91040045 can be imported or exported between various states in the United States. The specific states involved in the import or export process may vary based on the requirements and demand for these clocks.

HS Code 91040045 plays a vital role in classifying and regulating the import and export of instrument panel clocks for vehicles, air/spacecraft, and vessels. Importers and exporters should consider the associated duties and special tariff preference programs to make informed decisions and ensure compliance with trade regulations.