A watch movement is the mechanism inside a watch that is responsible for keeping time and powering the various functions of the watch. The HS Code 91089070 refers to watch movements that are complete and assembled, not elsewhere specified or indicated (nesoi). These movements have a diameter of 33.8 mm or less and contain over 7 but not more than 17 jewels. Additionally, they are valued at over $15 each.
When it comes to international trade, countries often have trade barriers and restrictions in place. However, 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. This is known as the Most Favored Nation (MFN) principle. The bound or MFN duty rate for HS Code 91089070 is 90 cents each.
The quantity unit for HS Code 91089070 is a number (NO), indicating that the quantity of watch movements being traded is measured in individual units.
There are also special tariff preference programs available for importers and exporters of watch movements under HS Code 91089070. These programs provide preferential treatment in terms of duty rates for specific countries. The following countries have special tariff rates for watch movements:
These special tariff rates aim to promote trade and strengthen economic relationships between countries. Importers and exporters of watch movements under HS Code 91089070 can take advantage of these preferential duty rates to reduce costs and increase competitiveness in the global market.
When it comes to importing watch movements under HS Code 91089070 into the United States, all states, including the Virgin Islands, can engage in trade. Similarly, when exporting watch movements from the United States, all states have the opportunity to participate in international trade.
HS Code 91089070 covers complete and assembled watch movements that measure 33.8 mm or less and have over 7 but not more than 17 jewels. These watch movements are valued at over $15 each. The bound or MFN duty rate for this HS Code is 90 cents each. Importers and exporters can also benefit from special tariff preference programs, which provide preferential duty rates for certain countries. When it comes to trading watch movements, all states, including the Virgin Islands, have the opportunity to engage in international trade.