Watch movements are an essential component of any timepiece, responsible for ensuring accurate timekeeping. The HS Code 91089050 specifically refers to watch movements that are complete and assembled, not exceeding a size of 15.2 mm. These movements are also characterized by having between 7 and 17 jewels and a value not exceeding $15 each.
When it comes to international trade, countries often need to lower trade barriers or open up their markets to promote fair competition. The MFN (Most Favored Nation) duty rate for this HS code is set at $2.16 per unit. This means that every time a country reduces a trade barrier or opens up its market, it must do so for watch movements falling under HS Code 91089050 from all its trading partners.
The quantity unit for this HS code is expressed in numbers (NO), indicating the number of watch movements being imported or exported. It is important to accurately declare the quantity unit to ensure proper documentation and compliance with customs regulations.
There are also special tariff preference programs available for watch movements falling under HS Code 91089050. These programs offer preferential treatment, such as duty-free importation, for eligible countries. The following countries enjoy duty-free treatment for these watch movements:
Additionally, watch movements from the following countries are subject to a duty rate of 27 cents each:
It is important for importers and exporters to be aware of these special tariff preference programs to take advantage of duty-free treatment or preferential rates, reducing costs and promoting trade.
When importing watch movements falling under HS Code 91089050 into the United States, it is essential to consider the specific regulations and requirements of each state. While the article does not provide a comprehensive list of exporting states, it does mention the Virgin Islands as a potential exporting location.
the HS Code 91089050 covers complete and assembled watch movements not exceeding 15.2 mm in size, with between 7 and 17 jewels and a value not exceeding $15 each. Understanding the MFN duty rate, special tariff preference programs, and state-specific regulations is crucial for importers and exporters in the watch industry to ensure compliance and optimize trade opportunities.