The HS Code 91089040 refers to watch movements that are complete and assembled, but not electrically operated or automatic winding. These watch movements have a measurement of over 33.8 mm and contain between 1 and 7 jewels.
When it comes to trade barriers and market openings, the bound/MFN duty rate for this HS Code is 25 cents for each watch movement. 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 this HS Code is a number (NO), which suggests that the watch movements are not measured in any specific unit but rather in a numerical count.
There are several special tariff preference programs associated with this HS Code. These programs offer free or duty-free treatment for the import and export of watch movements. Some of the countries that provide these special rates include Australia, Bahrain, Canada (under NAFTA), Chile, Germany, Israel, Japan, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and many others.
When it comes to importing these watch movements to the United States, the Virgin Islands is one of the states involved in the trade. This suggests that the Virgin Islands is a significant hub for the importation of watch movements under HS Code 91089040.
the HS Code 91089040 covers complete and assembled watch movements that are not electrically operated or automatic winding. These watch movements have a size of over 33.8 mm and contain between 1 and 7 jewels. Various special tariff preference programs offer free or duty-free treatment for the import and export of these watch movements. The Virgin Islands is one of the importing US states involved in the trade of watch movements under this HS Code.