The HS Code 91141040 refers to springs, including hair-springs, specifically designed for watches. These springs are essential components in the functioning of watches, providing the necessary tension and movement to ensure accurate timekeeping. This article will explore the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code.
The product description for HS code 91141040 is "Springs, including hair-springs, for watches." Springs play a crucial role in the operation of watches, especially mechanical watches. Hair-springs, also known as balance springs, are responsible for regulating the oscillation of the balance wheel, ensuring precise timekeeping. These springs are typically made from materials like steel or alloys with high elasticity to provide the necessary tension and resilience.
The bound or most-favored-nation (MFN) duty rate for HS code 91141040 is 7.3%. The MFN duty rate is the rate applied to imports from all trading partners when a country lowers a trade barrier or opens up a market. It ensures that the same duty rate is applied to the same goods or services from all trading partners, promoting fairness and equal treatment in international trade.
The quantity unit for HS code 91141040 is "number" (NO). This unit indicates that the quantity of the product is measured in individual units rather than weight or volume. For example, if a shipment contains 100 springs for watches, the quantity would be reported as 100 NO.
HS code 91141040 is eligible for several special tariff preference programs, providing certain countries with preferential treatment or duty-free access to the US market. The following programs apply to imports of springs for watches:
These special tariff preference programs aim to promote trade and economic development between the United States and the eligible countries. They provide incentives for importing countries to source springs for watches from these specific regions, fostering economic partnerships and growth.
HS code 91141040 applies to the import and export of springs, including hair-springs, for watches across various US states. The specific importing and exporting states may vary depending on the trade activities and market demand. Some of the notable US states involved in the import and export of these products include:
Importing US States:
Exporting US States:
These states have a significant presence in the watchmaking industry, with a high demand for springs and other watch components. They serve as important hubs for the import and export of HS code 91141040, contributing to the overall trade and competitiveness in the watch industry.
HS code 91141040 encompasses springs, including hair-springs, specifically designed for watches. These springs play a vital role in ensuring accurate timekeeping and are subject to a bound duty rate of 7.3%. Additionally, various special tariff preference programs provide eligible countries with duty-free access to the US market for these products. Understanding the product description, duty rates, and special programs associated with HS code 91141040 is essential for importers, exporters, and industry professionals in the watchmaking sector.