HS Code 91059930: Clocks nesoi, not electrically operated, mvmt not over 50 mm in width or diameter, 0-1 jewel, designed to operate ov 47 hrs w/o rewinding

Introduction

Clocks have been an essential part of human civilization for centuries. They help us keep track of time, manage our schedules, and organize our lives. The HS Code 91059930 refers to a specific type of clock that is not electrically operated and has certain specifications regarding its movement, size, and functioning. In this article, we will delve into the details of this HS code, its product description, and other relevant information.

Product Description

The HS Code 91059930 classifies clocks that are not electrically operated and have a movement not exceeding 50 mm in width or diameter. These clocks are also equipped with 0-1 jewel, which refers to the number of gemstone bearings used in the clock's movement mechanism. Additionally, these clocks are designed to operate for over 47 hours without the need for rewinding. This specific classification ensures that clocks falling under this HS code are differentiated from other types of clocks, such as electrically operated ones or those with different movement sizes or power requirements. It helps in streamlining trade and facilitating accurate import-export categorization.

Bound / MFN Duty Rate

The bound or Most Favored Nation (MFN) duty rate for clocks falling under the HS Code 91059930 is free. This means that countries importing these clocks do not have to pay any duty or tariff on them. This favorable duty rate promotes international trade and encourages countries to lower trade barriers and open up their markets. The principle behind the MFN duty rate is that when a country reduces trade barriers or opens up a market, it must do so for the same goods or services from all its trading partners. This ensures fair and equal treatment for all countries involved in international trade.

Quantity Unit

The quantity unit for clocks falling under the HS Code 91059930 is the number (NO). This means that the quantity of clocks imported or exported is measured in terms of the number of individual clocks.

Special Tariff Preference Programs

Clocks falling under the HS Code 91059930 may also be eligible for special tariff preference programs. These programs offer additional benefits and exemptions to certain countries, promoting trade and economic development. The specific programs applicable to clocks under this HS code are as follows: - Free: Only imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment. - Australia Special Rate - Bahrain Special Rate - NAFTA for Canada: Duty-free treatment for clocks imported from Canada under the North American Free Trade Agreement. - Chile Special Rate - Africa Growth and Opportunity Act (AGOA): Duty-free treatment for clocks imported from eligible African countries under this program. - Caribbean Basin Initiative (CBI) - Israel Special Rate - Andean Trade Preference Act (ATPA) - Jordan Special Rate - Morocco Special Rate - NAFTA for Mexico: Duty-free treatment for clocks imported from Mexico under the North American Free Trade Agreement. - Oman Special Rate - Dominican Republic-Central American Special Rate (DR-CAFTA) - Peru Special Rate - Singapore Special Rate These special tariff preference programs aim to foster economic cooperation, promote development, and strengthen trade relationships between countries.

Importing US States and Exporting US States

Clocks falling under the HS Code 91059930 can be imported into various states in the United States. Similarly, these clocks can be exported from the United States to different countries. The specific importing and exporting states may vary depending on the trade agreements, market demand, and other factors. It is essential for traders and businesses to consider the regulations and requirements of both the importing and exporting states when engaging in international trade of clocks under this HS code. the HS Code 91059930 classifies a specific type of clock that is not electrically operated, has a movement not exceeding 50 mm in width or diameter, and is designed to operate for over 47 hours without rewinding. This code helps in accurately categorizing clocks for import and export purposes, ensuring fair trade practices, and promoting economic cooperation among countries.

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