The HS Code 91089085 refers to watch movements that are complete and assembled, not elsewhere specified or included (nesoi). These movements must measure over 33.8 mm and have over 7 but not over 17 jewels. Additionally, they must be valued over $15 each.
When importing or exporting goods, it is important to understand the HS code as it helps identify the specific product being traded. The HS code system is used globally to classify products for customs and statistical purposes.
Watch movements are a crucial component in the manufacturing of timepieces. They are responsible for the accurate measurement of time and the smooth functioning of watches. The HS code 91089085 specifically targets watch movements that meet the mentioned specifications.
Bound / MFN Duty Rate:
The bound or Most Favored Nation (MFN) duty rate for products under HS Code 91089085 is free. This means that countries must eliminate or reduce trade barriers and open up their markets for the same goods or services from all their trading partners.
Quantity Unit:
The quantity unit for products under HS Code 91089085 is measured in numbers (NO).
Special Tariff Preference Programs:
Several countries offer special tariff preference programs for products falling under HS Code 91089085. These programs provide preferential treatment, such as duty-free or reduced duty rates, to encourage trade and economic cooperation. The countries offering these programs include:
These special tariff preference programs aim to promote trade relations and provide benefits to countries importing or exporting watch movements under HS Code 91089085.
Importing and Exporting US States:
When it comes to importing watch movements under HS Code 91089085 to the United States, the Virgin Islands is listed as a potential destination. This means that watch movements falling under this HS code can be imported into the Virgin Islands.
Similarly, when exporting watch movements from the United States, the Virgin Islands can be listed as the originating state.
It is important for importers and exporters to be aware of the specific HS code for their products to ensure compliance with customs regulations and take advantage of any applicable tariff preference programs.
HS Code 91089085 represents watch movements that are complete and assembled, measuring over 33.8 mm and having over 7 but not over 17 jewels, with a value over $15 each. Understanding the HS code and its associated regulations is crucial for international trade involving these watch movements.