This educational article provides detailed information about the HS Code 91059960, which refers to clocks that are not electrically operated, have a movement measuring over 50 mm in width or diameter, and are valued over $5 each. The article will cover various aspects of this HS Code, including the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The HS Code 91059960 encompasses clocks that are not powered by electricity. These clocks can be of various types, such as mechanical clocks, wind-up clocks, or battery-powered clocks. However, the distinguishing factor is that the movement of these clocks must measure over 50 mm in width or diameter. Additionally, the value of each clock should be over $5.
For clocks falling under HS Code 91059960, the bound or MFN (Most Favored Nation) duty rate is 23 cents each. This means that for every clock imported, a duty of 23 cents will be levied. In addition to this base duty rate, a country may apply an additional 3.2% duty every time it lowers a trade barrier or opens up a market. This applies to the same goods or services from all its trading partners.
The quantity unit for clocks under HS Code 91059960 is a number (NO). This means that the quantity of clocks imported or exported will be measured in numerical units.
Under the HS Code 91059960, clocks may be eligible for special tariff preference programs. These programs provide certain countries with preferential treatment in terms of duty rates. The following special tariff preference programs apply to clocks falling under this HS Code:
The HS Code 91059960 is applicable to clocks imported into the United States. These clocks can be imported by various states within the country. The specific states involved in importing clocks under this HS Code may vary, as import activities are not limited to specific regions or states.
Similarly, clocks falling under HS Code 91059960 can be exported from the United States to various countries around the world. The specific states involved in exporting clocks under this HS Code may also vary, as export activities are not limited to specific regions or states.
the HS Code 91059960 covers clocks that are not electrically operated, have a movement measuring over 50 mm in width or diameter, and are valued over $5 each. It is important for importers, exporters, and traders to understand the product description, duty rates, special tariff preference programs, and the involvement of different US states in the import and export of clocks under this HS Code.