Harmonized System Codes • Schedule B • Harmonized Commodity Description

The HS Code 91040050: Instrument Panel Clocks for Vehicles, Air/Spacecraft, and Vessels

When it comes to the efficient functioning of vehicles, air/spacecraft, and vessels, instrument panel clocks play a crucial role. These clocks, with a width of less than 50 mm, are electrically powered and do not have an opto-electronic display. The HS Code 91040050 specifically classifies these clocks, enabling international trade and ensuring standardized regulations for import and export.

The HS Code 91040050 provides a clear description of the product, allowing customs authorities to identify and classify instrument panel clocks accurately. This code is used by governments, traders, and transporters to determine the appropriate duties, taxes, and regulations associated with the import/export of these clocks.

According to the HS Code 91040050, the bound/Most Favored Nation (MFN) duty rate for instrument panel clocks is 20 cents each. In addition, a 4.6% duty is applied to the case, and a 3.5% duty is applied to the battery. These rates may vary depending on the country of import.

One of the key principles of international trade is the principle of non-discrimination. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The HS Code 91040050 ensures that this principle is followed, promoting fair and equal treatment for all trading partners.

The quantity unit for instrument panel clocks under the HS Code 91040050 is "number" (NO). This unit helps in accurately measuring and documenting the quantity of clocks being imported or exported.

Several special tariff preference programs are applicable to instrument panel clocks under the HS Code 91040050. These programs provide various benefits and exemptions to certain countries and regions. Some of these programs include:

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

The HS Code 91040050 also facilitates trade between different states in the United States. Importing states and exporting states within the US can rely on this code to ensure proper classification and documentation of instrument panel clocks.

the HS Code 91040050 is essential for the international trade of instrument panel clocks for vehicles, air/spacecraft, and vessels. It provides a standardized classification, enables the calculation of duties and taxes, and ensures fair treatment for all trading partners. Understanding this code is crucial for importers, exporters, and customs authorities to streamline trade processes and maintain compliance with regulations.