HS Code 91099040: Clock Movements, Complete and Assembled
Clock movements are an essential component of any clock, ensuring its accuracy and functionality. HS Code 91099040 specifically refers to clock movements that are complete and assembled, not electrically operated, and measure over 50 mm in width or diameter. These clock movements are valued at not more than $5 each.
The Bound/MFN (Most Favored Nation) duty rate for clock movements under this HS code is 15 cents each. Additionally, a 6.4% duty is imposed every time a country lowers a trade barrier or opens up a market, ensuring that the same goods or services from all trading partners receive equal treatment.
Clock movements under HS Code 91099040 are measured in the quantity unit "number" (NO), denoting the number of clock movements being imported or exported.
Various special tariff preference programs are available for clock movements under this HS code. These programs offer different duty rates and treatments based on the importing or exporting country. Let's explore some of these programs:
1. Free (A+, AU, B, BH, CA, D, E, IL, J, JO, MA, MX, OM, P, PE, SG): Clock movements imported from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under this subheading receive duty-free treatment. Additionally, clock movements imported from Australia are subject to the Automotive Products Trade Act (APTA) and receive duty-free treatment. The same applies to clock movements imported from Bahrain, Canada under NAFTA, eligible countries under the Africa Growth and Opportunity Act (AGOA), and clock movements imported from countries under the Caribbean Basin Initiative (CBI). Clock movements imported from Israel receive a special rate under this program, and the same applies to clock movements imported from countries under the Andean Trade Preference Act (ATPA). Clock movements imported from Jordan, Morocco, Mexico under NAFTA, Oman, the Dominican Republic-Central American countries under DR-CAFTA, Peru, and Singapore receive duty-free treatment under this program.
2. 1.8? each + 0.8% (CL): Clock movements imported from Chile receive a special rate under this program, with a duty of 1.8 cents each plus an additional 0.8%.
When importing clock movements under HS Code 91099040, it is essential to consider the specific tariff preference program applicable to the importing country.
In terms of importing and exporting clock movements under this HS code, the data does not specify any specific US states for exporting clock movements. However, the Virgin Islands are mentioned as an importing US state.
Clock movements under HS Code 91099040 are crucial components for various types of clocks, ensuring their accuracy and functionality. Understanding the HS code and the applicable tariff preference programs can help importers and exporters navigate the international trade landscape and take advantage of duty-free or reduced-duty opportunities.
More on HS code 91099040
