The HS Code 91059140 refers to clocks that are not elsewhere specified or included (nesoi), and are electrically operated with an opto-electronic display. These clocks are commonly used in households, offices, and various other settings to display time through the use of digital technology.
When it comes to international trade, the HS Code plays a crucial role in classifying products and determining the applicable duties and tariffs. The HS Code 91059140 specifically identifies clocks with opto-electronic display, allowing for easier identification and classification during import and export processes.
It is important for businesses and individuals involved in international trade to understand the implications of the HS Code 91059140. By knowing the specific HS Code for clocks with opto-electronic display, importers and exporters can ensure compliance with customs regulations and accurately calculate the applicable duties and taxes.
The bound or most-favored-nation (MFN) duty rate for clocks with opto-electronic display is 3.9% on the movement and case, and an additional 5.3% on the battery. This means that when importing or exporting clocks with opto-electronic display, these duty rates will apply unless the product qualifies for any special tariff preference programs.
Various countries have implemented special tariff preference programs that offer preferential treatment for certain products, including clocks with opto-electronic display. For example, imports from least-developed beneficiary developing countries are eligible for duty-free treatment under the Generalized System of Preferences (GSP) for clocks with opto-electronic display.
In addition, specific countries such as Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and others have special tariff rates or duty-free treatment for clocks with opto-electronic display under their respective trade preference programs.
When importing clocks with opto-electronic display into the United States, it is important to consider the specific requirements and regulations of individual states. Different states may have additional restrictions or requirements for importing clocks, and it is essential to comply with these regulations to avoid any issues or delays in the import process.
Similarly, when exporting clocks with opto-electronic display from the United States to other countries, it is important to be aware of the requirements and regulations of the destination country. Each country may have its own customs procedures and documentation requirements for importing clocks, and exporters must ensure compliance to facilitate a smooth export process.
the HS Code 91059140 identifies clocks with opto-electronic display, which are electrically operated timepieces commonly used in various settings. Understanding the HS Code and its implications is essential for businesses and individuals involved in international trade. By knowing the specific HS Code for clocks with opto-electronic display, importers and exporters can ensure compliance with customs regulations, accurately calculate duties and taxes, and take advantage of any applicable special tariff preference programs.