Alarm clocks have become an essential part of our daily lives, helping us wake up on time and start our day efficiently. Amongst the various types of alarm clocks available, the HS Code 91051950 refers to a specific category that includes non-electrically operated alarm clocks with a movement measuring over 50 mm in width or diameter, valued over $5 each. In this article, we will delve into the details of this HS Code, exploring its product description, tariff rates, special tariff preference programs, and more.
Under the HS Code 91051950, the product description encompasses alarm clocks that are not electrically operated. These clocks feature a movement measuring over 50 mm in width or diameter. The term NESOI stands for "Not Elsewhere Specified or Included," indicating that this HS Code covers alarm clocks that do not fall under any other specific category within the Harmonized System.
The bound / MFN (Most Favored Nation) duty rate for alarm clocks falling under HS Code 91051950 is 23 cents each. Additionally, a 3.2% duty is imposed every time a country lowers a trade barrier or opens up a market. This principle ensures that any trade benefits extended to one trading partner are also offered to all other trading partners, promoting fair and equal trade practices.
The quantity unit for alarm clocks under HS Code 91051950 is "number" (NO). This means that the quantity of alarm clocks imported or exported is measured and recorded in individual units rather than weight or volume.
Several special tariff preference programs are applicable to alarm clocks falling under HS Code 91051950. These programs offer preferential treatment in terms of duty rates or duty-free treatment for imports from specific countries. Here are some of the notable programs:
These special tariff preference programs aim to promote trade relations and economic growth between specific countries by offering favorable duty rates or duty-free treatment for imports.
When it comes to importing alarm clocks falling under HS Code 91051950 to the United States, all states are eligible to receive these shipments. Similarly, alarm clocks falling under this HS Code can be exported from any US state to trading partners around the world.
It is important to note that the information provided in this article is based on the available data related to HS Code 91051950. Importers, exporters, and traders are advised to consult the official documentation and regulations of the respective countries and customs authorities for the most accurate and up-to-date information.