When it comes to international trade, every country has its own system for identifying and classifying products. The Harmonized System (HS) is a globally recognized standard for this purpose, providing a unique code for each product. HS Code 91101200 refers to incomplete watch movements that have been assembled.
Watch movements are the mechanisms inside watches that make them tick. They consist of various components, such as gears, springs, and escapements, which work together to keep time. Incomplete watch movements are those that are not fully assembled and may require further work before they can be used in the production of watches.
When importing or exporting products, it is important to be aware of the applicable duties and tariffs. For HS Code 91101200, the bound or most-favored-nation (MFN) duty rate is 9%. This means that every time 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.
The quantity unit for HS Code 91101200 is the number (NO), indicating the number of incomplete watch movements being imported or exported.
There are also special tariff preference programs available for this HS Code. These programs allow for reduced or duty-free treatment for certain countries. The following countries have special rates for HS Code 91101200:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing favorable treatment for certain products.
When importing HS Code 91101200 into the United States, it is important to consider the specific regulations and requirements of both the importing and exporting states. Different states may have different rules and restrictions regarding the importation of certain goods.
Overall, HS Code 91101200 – Incomplete Watch Movements, Assembled – represents a specific category of products in international trade. Understanding the associated duties, quantity unit, and special tariff preference programs can help importers and exporters navigate the complexities of global commerce and make informed decisions.