In international trade, the Harmonized System (HS) code is used to classify products for customs and statistical purposes. Each product is assigned a unique HS code, which helps in the identification and categorization of goods. One such HS code is 91082040, which corresponds to watch movements that are complete and assembled, with automatic winding and over 17 jewels.
Watch movements are the mechanisms inside a watch that control its timekeeping functions. They are responsible for the accurate measurement of time and the smooth operation of various watch features. Complete and assembled watch movements refer to the fully functional units that are ready to be incorporated into watches.
The HS code 91082040 specifically denotes watch movements with automatic winding. Automatic watches, also known as self-winding watches, are timepieces that do not require manual winding. They feature a rotor that automatically winds the mainspring as the wearer's wrist moves, converting the kinetic energy into potential energy and storing it for the watch to function.
The inclusion of "over 17 jewels" in the HS code refers to the number of synthetic or natural gemstone bearings used in the watch movement. Jewels are used as bearings in watch movements to reduce friction and improve the accuracy and longevity of the timepiece. The more jewels present, the smoother and more precise the movement of the watch.
Importing or exporting products under the HS code 91082040 involves specific regulations and tariffs. The bound or most-favored-nation (MFN) duty rate for this HS code is free. This means that countries must eliminate any trade barriers or open up their markets for the same goods or services from all their trading partners without imposing any duties or tariffs.
The quantity unit for this HS code is "number" (NO), indicating that the measurement is based on the number of watch movements being imported or exported.
Furthermore, there are several special tariff preference programs associated with the HS code 91082040. These programs provide certain countries with preferential treatment or duty-free access to the United States market. Some of the countries benefiting from these programs include Australia (Special Rate), Bahrain (Special Rate), Canada (NAFTA - duty-free treatment), Chile (Special Rate), and many others.
When it comes to importing this product into the United States, the exporting US states are not explicitly mentioned in the available data. However, it can be assumed that the watch movements under HS code 91082040 can be imported from any US state to the Virgin Islands or any other destination.
the HS code 91082040 represents complete and assembled watch movements with automatic winding and over 17 jewels. This code is used for the classification and regulation of these products in international trade. Understanding the HS code and its associated regulations, tariffs, and special tariff preference programs is essential for importers, exporters, and those involved in the watchmaking industry.