The HS Code 91099020 refers to clock movements that are complete and assembled, not electrically operated, and measure not over 50 mm in width or diameter. This code is used to classify and identify these specific types of clock movements for international trade purposes.
When importing or exporting products with this HS code, it is important to understand the relevant information and regulations associated with it. Let's explore some key details and additional information related to HS Code 91099020.
Clock movements are essential components of clocks that allow them to measure and display time accurately. The movements included in this HS code are fully assembled and do not require electrical power to function. The size restriction ensures that the clock movements fall within a specific range.
The bound / MFN (Most Favored Nation) duty rate for HS Code 91099020 is 20 cents each. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate for clock movements from all its trading partners. The duty rate is a cost applied to each unit of clock movement imported or exported.
The quantity unit for HS Code 91099020 is the number (NO). This unit indicates that clock movements are counted individually based on the number of units being imported or exported.
Various special tariff preference programs are available for clock movements classified under HS Code 91099020. These programs offer different levels of duty-free treatment or special rates based on specific eligibility criteria. Here are some of the programs applicable to clock movements:
These special tariff preference programs provide opportunities for reduced or duty-free import/export of clock movements based on specific trade agreements and eligibility criteria between countries.
When dealing with HS Code 91099020, it is essential to consider the importing and exporting US states. In this case, the exporting US state is the Virgin Islands. This information helps identify the location from where the clock movements are being exported.
Understanding the details and regulations related to HS Code 91099020 is crucial for international traders and businesses involved in the import and export of clock movements. By complying with the appropriate regulations and taking advantage of special tariff preference programs, businesses can optimize their trade activities and ensure smooth cross-border transactions.