In the world of international trade, the Harmonized System (HS) codes play a crucial role in classifying and identifying different products. HS Code 91109060 specifically refers to "Incomplete Clock Movements, nesi." Let's delve deeper into this HS code and explore its implications.
Product Description:
The product covered under HS Code 91109060 is incomplete clock movements. Clock movements are the mechanisms that power and regulate the movement of a clock's hands. However, the classification "nesi" stands for "not elsewhere specified or included," indicating that this HS code encompasses clock movements that do not fall under any other specific HS code.
Bound / MFN Duty Rate:
The bound / Most Favored Nation (MFN) duty rate for HS Code 91109060 is 4.2%. The MFN duty rate is the basic rate of duty that a country applies to imports from all its trading partners. It is important to note that this rate may vary depending on trade agreements, special tariff programs, and the country of import.
Quantity Unit:
No units collected (X) - This indicates that there is no specific unit of measurement associated with the quantity of clock movements being imported or exported under this HS code. The absence of a quantity unit suggests that the measurement is either not relevant or not standardized for this particular product.
Special Tariff Preference Programs:
HS Code 91109060 is eligible for several special tariff preference programs, offering duty-free treatment for imports. These programs include:
Importing US States:
HS Code 91109060 allows the importation of incomplete clock movements into various states within the United States. The specific importing states may vary depending on market demand and the availability of clock movements.
Exporting US States:
HS Code 91109060 allows clock movements to be exported from the United States to various destinations worldwide. The exporting states may vary depending on the production capacity and distribution networks of clock movement manufacturers within the United States.
HS Code 91109060 represents incomplete clock movements that fall under the "nesi" category. The duty rate for this product is 4.2%, and it is eligible for various special tariff preference programs, offering duty-free treatment for imports. Understanding HS codes and their implications is essential for importers, exporters, and customs authorities to ensure accurate classification and adherence to trade regulations.