When it comes to international trade, it is important to have a standardized system for classifying and categorizing products. The Harmonized System (HS) Code is a globally recognized system used to classify goods for customs and trade purposes. Each HS Code represents a specific product or group of products, and it helps customs authorities and traders identify and track goods as they move across borders.
One such HS Code is 91052920, which refers to wall clocks that are not electrically operated. These clocks have a movement measuring not more than 50 mm and have 0-1 jewel. Additionally, they are constructed and designed to operate for over 47 hours without the need for rewinding.
Understanding the HS Code 91052920 can provide valuable information for importers, exporters, and customs officials. Let's take a closer look at this HS Code and explore its significance in international trade.
The product description for HS Code 91052920 is "Wall clocks nesoi, not electrically operated, mvmt measuring n/o 50 mm, 0-1 jewel, constructed/designed to operate over 47 hrs w/o rewinding." This description provides specific details about the characteristics and features of the wall clocks falling under this HS Code.
According to the description, these wall clocks are not powered by electricity. Instead, they rely on mechanical movements to keep time. The movement of these clocks measures not more than 50 mm, ensuring a compact size. The clocks have 0-1 jewel, which refers to the number of synthetic or natural gem bearings used in the movement. Finally, these clocks are designed and constructed in such a way that they can operate for over 47 hours without requiring rewinding.
The bound or most-favored-nation (MFN) duty rate for HS Code 91052920 is 40 cents each, along with an additional 4.6% on the case. The duty rate is the amount of tax or tariff imposed on imported goods. In this case, for each wall clock imported under this HS Code, a duty of 40 cents is levied. Additionally, the case of the clock is subject to a 4.6% duty.
It is important to note that duty rates can vary depending on the country and any applicable trade agreements or preferences. The duty rate mentioned here is a general rate and may differ in specific trade scenarios.
The quantity unit for HS Code 91052920 is "number" (NO). This means that the quantity of wall clocks imported or exported is measured in individual units. Each clock is counted as one unit, and the total quantity is expressed in numbers.
Various countries and trade agreements offer special tariff preference programs that provide benefits and exemptions for certain goods. In the case of HS Code 91052920, the following special tariff preference programs apply:
HS Code 91052920 is relevant for both importing and exporting activities involving the United States. Importing states refer to the states within the US where these wall clocks are being brought in from other countries. Exporting states, on the other hand, are the states within the US from where these clocks are being shipped to other countries.
As the HS Code is used globally, the specific importing and exporting states may vary depending on the trade routes and partners involved. It is essential for traders and customs officials to identify the correct HS Code and associated importing/exporting states to ensure compliance with trade regulations and documentation requirements.
HS Code 91052920 represents wall clocks that are not electrically operated, have specific movement measurements, and can operate for an extended period without rewinding. Understanding this HS Code can assist importers, exporters, and customs officials in accurately classifying and tracking these goods, determining applicable duty rates, and identifying any special tariff preference programs that may apply.