In this article, we will explore the HS Code 91059940, which describes clocks that are not electrically operated, have a movement not exceeding 50 mm in width or diameter, contain over 1 jewel, and are designed to operate for over 47 hours without rewinding. We will discuss the product description, duty rates, quantity units, special tariff preference programs, and importing/exporting states.
The HS Code 91059940 refers to clocks that fall under the category of "nesoi" or "not elsewhere specified or included". These clocks are not electrically operated, meaning they do not require an electrical power source to function. They have a movement (the internal mechanism that drives the clock) that does not exceed 50 mm in width or diameter. The clocks also contain over 1 jewel, which typically refers to the number of synthetic or natural gemstones used in the movement for improved accuracy and durability. Additionally, these clocks are designed to operate for over 47 hours without the need for rewinding.
The bound or most-favored-nation (MFN) duty rate for HS Code 91059940 is free. This means that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. Therefore, the importation of clocks falling under this HS code is not subject to any duty charges.
The quantity unit for HS Code 91059940 is number (NO), indicating that the quantity of clocks imported or exported is measured in individual units.
There are several special tariff preference programs applicable to clocks falling under HS Code 91059940. These programs provide certain countries with preferential treatment in terms of duty rates. The programs and their corresponding countries are as follows:
The HS Code 91059940 applies to clocks imported into and exported from the United States. The importing and exporting states can vary depending on trade activities. It is important for importers and exporters to be aware of the specific regulations and requirements of each state when dealing with clocks falling under this HS code.
HS Code 91059940 describes clocks that are not electrically operated, have a movement not exceeding 50 mm in width or diameter, contain over 1 jewel, and are designed to operate for over 47 hours without rewinding. These clocks are subject to a free duty rate and are measured in individual units. Various special tariff preference programs provide certain countries with preferential treatment in terms of duty rates. Importers and exporters must also consider the specific regulations and requirements of each state when dealing with clocks falling under this HS code.