Time switches with clock or watch movements or with synchronous motor, valued over $5 each, fall under the HS Code 91070080. This HS Code is used to classify and identify these specific types of time switches for import and export purposes.
The product description of this HS Code highlights that the time switches in question are equipped with either clock or watch movements or with a synchronous motor. These time switches are valued at over $5 each, indicating their higher quality or advanced features.
When it comes to the duty rate for importing this product, the Bound / MFN duty rate is 45 cents each, in addition to a 6.4% tariff and 2.5 cents per jewel. It is important to note that tariff rates can vary and may change depending on trade agreements and policies. For instance, every time 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.
The quantity unit for this HS Code is measured in numbers (NO), indicating the count of individual time switches being imported or exported.
There are also special tariff preference programs available for this HS Code. Under these programs, certain countries or regions are eligible for duty-free treatment. The countries and regions currently eligible for special tariff preference programs for HS Code 91070080 include:
It is important for importers and exporters to consider these special tariff preference programs when conducting trade involving HS Code 91070080, as they can significantly impact the overall cost and competitiveness of the product.
When importing or exporting goods under HS Code 91070080, it is crucial to be aware of the specific regulations and requirements of both the importing and exporting US states. These regulations can vary from state to state and may include additional documentation, permits, or inspections.
HS Code 91070080 covers time switches with clock or watch movements or with synchronous motor, valued over $5 each. It is important for businesses involved in the import and export of these products to be familiar with the duty rates, special tariff preference programs, and state-specific regulations to ensure compliance and successful trade operations.