When it comes to international trade, the Harmonized System (HS) Code is an essential tool for classifying products. One such HS Code is 91059180, which corresponds to clocks that are not elsewhere specified or included, electrically operated, and do not have an opto-electronic display only.
These clocks can be found in various forms and designs, ranging from wall clocks to desk clocks, and from digital to analog. They are powered by electricity and offer the convenience of accurate timekeeping in homes, offices, and other settings.
It is important to note that the HS Code 91059180 covers clocks that do not have an opto-electronic display only. This means that the clocks in this category may have additional features beyond displaying the time. Some clocks might have built-in alarms, temperature displays, or even radio receivers for tuning into local stations.
When it comes to import and export of clocks classified under HS Code 91059180, there are certain regulations and duty rates to be considered. The bound or Most Favored Nation (MFN) duty rate for these clocks is 30 cents each, with an additional 6.9% on the case and 5.3% on the battery. This means that when importing these clocks, importers will be required to pay these duty rates unless the clocks are eligible for special tariff preference programs.
Speaking of special tariff preference programs, clocks classified under HS Code 91059180 may be eligible for duty-free treatment under certain circumstances. These programs aim to promote trade and economic development by providing preferential treatment to specific countries or regions.
For example, clocks imported from least-developed beneficiary developing countries are eligible for duty-free treatment under the Generalized System of Preferences (GSP) program. Additionally, clocks imported from Australia, Bahrain, Canada (under NAFTA), Chile, and other countries are eligible for special rates or duty-free treatment under various preferential trade programs.
It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost and competitiveness of their products. By taking advantage of these programs, importers can reduce or eliminate the duty rates associated with HS Code 91059180.
When it comes to quantities, clocks classified under HS Code 91059180 are measured in units of number (NO). This means that the quantity of clocks being imported or exported will be specified as the number of individual units.
clocks classified under HS Code 91059180 are electrically operated clocks that do not have an opto-electronic display only. They come in various forms and designs, offering accurate timekeeping and additional features. Importers and exporters of these clocks should be aware of the duty rates and special tariff preference programs that apply to them, as they can impact the cost and competitiveness of these products in the international market.