Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 91091960: Clock Movements and Special Tariff Preference Programs

The HS Code 91091960 refers to clock movements that are not elsewhere specified or included (nesoi), complete and assembled, electrically operated, with a display nesoi, measuring over 50 mm and valued over $5 each. Clock movements are an essential component of clocks, responsible for keeping time and allowing the clock to function properly.

When it comes to international trade, it is important to classify products using a standardized coding system. The Harmonized System (HS) Code is an internationally recognized system used to classify goods and facilitate trade across borders. The HS Code 91091960 specifically identifies clock movements that meet the specified criteria.

Understanding the HS Code is crucial for importers and exporters as it helps determine the applicable duties and tariffs for a particular product. In the case of HS Code 91091960, the bound/MFN duty rate is set at 30 cents each, along with additional percentages on the movement and battery components.

Trade barriers and market openness are essential factors in international trade. The principle of Most Favored Nation (MFN) treatment ensures that when a country lowers a trade barrier or opens up a market, it must do so for all its trading partners. This principle promotes fair and equal treatment among trading nations and encourages global economic cooperation.

The quantity unit for clock movements under HS Code 91091960 is measured in numbers (NO), indicating the total count of clock movements being imported or exported.

Special tariff preference programs provide certain countries with preferential treatment in terms of duty rates and trade agreements. For clock movements under HS Code 91091960, the following special tariff preference programs apply:

• A+: Only imports from least-developed beneficiary developing countries eligible for GSP under that subheading receive duty-free treatment.
• AU: Australia has a special rate under the Automotive Products Trade Act (APTA) that grants duty-free treatment.
• B: Bahrain has a special rate.
• CA: Canada benefits from duty-free treatment under the North American Free Trade Agreement (NAFTA).
• CL: Chile has a special rate.
• D: Africa Growth and Opportunity Act (AGOA) grants duty-free treatment to eligible countries.
• E: Caribbean Basin Initiative (CBI) provides duty-free treatment.
• IL: Israel has a special rate.
• J: Andean Trade Preference Act (ATPA) offers duty-free treatment.
• JO: Jordan has a special rate.
• MA: Morocco has a special rate.
• MX: Mexico benefits from duty-free treatment under NAFTA.
• OM: Oman has a special rate.
• P: Dominican Republic-Central American Special Rate (DR-CAFTA) applies.
• PE: Peru has a special rate.
• SG: Singapore has a special rate.

When importing clock movements under HS Code 91091960 to the United States, various states can serve as points of entry. The Virgin Islands, for example, facilitate the importation of clock movements into the United States.

Understanding the HS Code 91091960 and its associated special tariff preference programs is crucial for importers and exporters of clock movements. By complying with the applicable duties and utilizing special rate programs, businesses can optimize their trade operations and benefit from favorable conditions in different markets.