Wall clocks are a common household item that not only serve the purpose of telling time but also add to the overall aesthetic of a room. The HS Code 91052140 specifically refers to wall clocks that are electrically operated and have an opto-electronic display. Let's dive deeper into the details of this HS code and learn more about the product it represents.
The HS Code 91052140 breaks down the product description into several key components. Firstly, it specifies that the wall clocks are "nesoi," which stands for "not elsewhere specified or included." This means that the code encompasses wall clocks that do not fit into any other specific category. The code also highlights that the wall clocks are electrically operated, indicating that they require an electrical power source to function.
Furthermore, the HS Code 91052140 mentions that the wall clocks have an opto-electronic display only. This means that the display of these clocks relies on the use of electronic components, such as LEDs or LCDs, to present the time and other relevant information. It is worth noting that this code does not include wall clocks with traditional analog displays.
When it comes to international trade, the HS Code 91052140 is subject to certain duty rates. The bound or most favored nation (MFN) duty rate for this code is 3.9% on the movement and case, while the battery attracts a duty rate of 5.3%. These duty rates apply every time a country lowers a trade barrier or opens up a market, ensuring that all trading partners receive equal treatment for the same goods or services.
The quantity unit for wall clocks under this HS code is measured in numbers (NO). This means that the quantity of wall clocks imported or exported is counted in individual units.
Additionally, there are special tariff preference programs associated with the HS Code 91052140. These programs provide certain countries with preferential treatment when importing or exporting wall clocks. The countries eligible for duty-free treatment under these programs include A+, AU, BH, CA, CL, D, E, IL, J, JO, MA, MX, OM, P, PE, and SG.
Some of the special tariff preference programs worth highlighting are:
These preference programs aim to promote trade and provide economic benefits to the participating countries. Importers and exporters should take advantage of these programs to reduce costs and enhance their competitiveness in the market.
In terms of importing and exporting, the HS Code 91052140 applies to all US states. This means that wall clocks falling under this code can be imported or exported from any state within the United States.
the HS Code 91052140 represents wall clocks that are electrically operated and have an opto-electronic display. Understanding this code is crucial for importers, exporters, and traders involved in the international trade of wall clocks. By being aware of the duty rates and special tariff preference programs associated with this code, businesses can make informed decisions and optimize their trading activities.