Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 91052950: An Overview of Wall Clocks

Wall clocks are an essential part of our daily lives, helping us keep track of time and stay organized. One such type of wall clock is covered under HS Code 91052950. In this article, we will delve into the details of this HS code, its product description, duty rates, quantity units, and special tariff preference programs. Let's explore!

Product Description

The product covered under HS Code 91052950 refers to wall clocks that are not electrically operated and have a movement measuring over 50 mm in width or diameter. These clocks are valued over $5 each, making them a significant commodity in the market.

Duty Rates

When importing wall clocks under HS Code 91052950, a bound/MFN (Most Favored Nation) duty rate of 30 cents each applies. Additionally, a 4.3% duty rate is levied every time a country lowers a trade barrier or opens up a market. This principle ensures fair trade practices and equal treatment for all trading partners.

Quantity Unit

The quantity unit for wall clocks under HS Code 91052950 is measured in numbers (NO). It signifies that the count of imported or exported wall clocks is based on the individual unit rather than weight or volume.

Special Tariff Preference Programs

Several special tariff preference programs are available for wall clocks under HS Code 91052950. These programs provide various benefits and duty-free treatment for imports from specific countries. Let's take a closer look at some of these programs:

• Free: Imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under that subheading receive duty-free treatment.
• Australia Special Rate: Wall clocks imported from Australia enjoy a special rate under this program.
• Bahrain Special Rate: Wall clocks imported from Bahrain are eligible for a special rate.
• NAFTA for Canada: Wall clocks imported from Canada under NAFTA (North American Free Trade Agreement) receive duty-free treatment.
• Chile Special Rate: Imports from Chile are eligible for a special rate under this program.
• Africa Growth and Opportunity Act (AGOA): Wall clocks imported under AGOA receive duty-free treatment.
• Caribbean Basin Initiative (CBI): Imports from CBI countries enjoy duty-free treatment for wall clocks.
• Israel Special Rate: Wall clocks imported from Israel receive duty-free treatment under this program.
• Andean Trade Preference Act (ATPA): Wall clocks imported under ATPA are eligible for a special rate.
• Jordan Special Rate: Imports from Jordan enjoy a special rate for wall clocks.
• Morocco Special Rate: Wall clocks imported from Morocco are eligible for a special rate.
• NAFTA for Mexico: Wall clocks imported from Mexico under NAFTA receive duty-free treatment.
• Oman Special Rate: Wall clocks imported from Oman enjoy a special rate under this program.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from DR-CAFTA countries receive a special rate for wall clocks.
• Peru Special Rate: Wall clocks imported from Peru are eligible for a special rate.
• Singapore Special Rate: Imports from Singapore enjoy a special rate for wall clocks.

Importing and Exporting US States

HS Code 91052950 encompasses wall clocks that can be imported and exported to various US states. These include but are not limited to:

Importing US States: [Insert relevant importing US states]

Exporting US States: [Insert relevant exporting US states]

By understanding the details of HS Code 91052950, importers, exporters, and traders can make informed decisions and ensure compliance with regulations. Whether you are involved in the wall clock industry or simply curious about international trade, this comprehensive article provides valuable insights into the world of wall clocks.