Watch movements are an essential component of any timepiece. These intricate mechanisms are responsible for the accurate and precise movement of the watch's hands. HS Code 91089080 refers to watch movements that are complete and assembled, not elsewhere specified or included (nesoi), and meet specific criteria regarding their size, jewel count, and value.
The products covered under HS Code 91089080 are watch movements that measure over 33.8 mm in size. These movements have a jewel count ranging from 7 to 17, indicating the number of synthetic gems used to reduce friction and enhance durability. Additionally, these watch movements are valued at no more than $15 each.
It is important to note that HS Code 91089080 specifically covers complete and assembled watch movements. This means that the movements are ready to be incorporated into the final watch product and do not require any additional assembly or modification.
The bound / MFN duty rate for watch movements under HS Code 91089080 is $1.44 each. This rate applies every time a country lowers a trade barrier or opens up a market. The principle of most-favored-nation (MFN) treatment ensures that the same duty rate is applied to the same goods or services from all trading partners of a country.
The quantity unit for watch movements under HS Code 91089080 is the number (NO). This unit indicates that the watch movements are measured and traded individually.
Watch movements falling under HS Code 91089080 are eligible for various special tariff preference programs. These programs offer preferential treatment in terms of duty rates or duty-free treatment for specific trading partners. The following are the special tariff preference programs applicable to watch movements:
It is important for importers and exporters to be aware of these special tariff preference programs to take advantage of the benefits they offer in terms of cost savings and market access.
When it comes to importing and exporting watch movements under HS Code 91089080, certain US states play a significant role. One such state is the Virgin Islands, which serves as a key location for trade and transportation in the Caribbean region.
The Virgin Islands, with its strategic location and well-developed infrastructure, offers favorable conditions for the import and export of various goods, including watch movements. Importers and exporters can leverage the logistical advantages provided by the Virgin Islands to facilitate their trade operations and ensure efficient movement of watch movements to and from the United States.
Furthermore, other US states are involved in the import and export of watch movements under HS Code 91089080. These states act as important hubs for trade and commerce, contributing to the overall flow of goods in and out of the country.
HS Code 91089080 covers watch movements that are complete and assembled, measuring over 33.8 mm and having a jewel count ranging from 7 to 17. These watch movements have a value not exceeding $15 each. Importers and exporters should be aware of the bound / MFN duty rate, special tariff preference programs, and the involvement of specific US states in the import and export of watch movements. By understanding these details, businesses can make informed decisions and effectively navigate the international trade landscape.