The HS Code 91089090 refers to watch movements that are complete and assembled, but not electrically operated or automatic winding. These watch movements have a size of 33.8 mm or less and are equipped with over 17 jewels.
When it comes to international trade, countries often have different trade barriers and market regulations. However, the MFN (Most Favored Nation) principle dictates that whenever a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This means that if a country reduces import duties for a certain product, it must apply the same tariff reduction to all countries it trades with. For HS Code 91089090, the bound or MFN duty rate is $1.50 per watch movement.
The quantity unit for this HS Code is a number (NO), indicating the number of watch movements being imported or exported.
There are several special tariff preference programs that may apply to HS Code 91089090. These programs provide preferential treatment or duty-free access to specific countries:
In addition to these countries, the watch movements under HS Code 91089090 may also qualify for duty-free treatment under trade preference programs such as the Africa Growth and Opportunity Act (AGOA), the Caribbean Basin Initiative (CBI), the Andean Trade Preference Act (ATPA), the Andean Trade Promotion and Drug Eradication Act (ATPDEA), the Dominican Republic-Central American Special Rate (DR-CAFTA), and the Caribbean Basin Trade Partnership Act (CBTPA).
When importing these watch movements into the United States, it is important to consider the specific regulations and duties imposed by each state. Notably, the Virgin Islands is one of the exporting US states for HS Code 91089090.
HS Code 91089090 represents complete and assembled watch movements that are not electrically operated or automatic winding. It is subject to the MFN duty rate of $1.50 per watch movement. However, there are various special tariff preference programs that may provide duty-free treatment or reduced tariffs for these watch movements, depending on the country of import. Importers and exporters should also be aware of the specific regulations and duties imposed by individual US states, such as the Virgin Islands.