The HS Code 91149030 refers to assemblies and subassemblies for clock movements consisting of 2 or more pieces or parts that are fastened or joined inseparably together. This code is used to classify and identify these specific products in international trade.
When importing or exporting products, it is important to understand the HS code as it determines the applicable tariffs and trade policies. In the case of HS Code 91149030, the bound or Most Favored Nation (MFN) duty rate is 6% plus 2.3 cents per jewel and 0.2 cents for each other piece or part. However, if the assembly or subassembly consists in part of a plate or a set of plates, the total duty shall not exceed the duty for the complete movement.
It is worth noting that the bound duty rate mentioned above may vary depending on trade agreements and tariff preference programs. These programs offer special rates or even duty-free treatment for imports from certain countries. HS Code 91149030 is eligible for several special tariff preference programs, including:
These special tariff preference programs aim to promote trade and economic development between countries by reducing or eliminating tariffs for specific goods. Importers and exporters should take advantage of these programs if they qualify, as it can lead to cost savings and increased competitiveness in the market.
When it comes to the quantity unit for HS Code 91149030, no units are collected (X). This means that the quantity of the product is not considered for the calculation of duties or tariffs.
HS Code 91149030 is used to classify assemblies and subassemblies for clock movements consisting of 2 or more pieces or parts fastened or joined inseparably together. Importers and exporters should be aware of the bound duty rate, as well as the special tariff preference programs that may offer more favorable rates or even duty-free treatment. Understanding and correctly applying the HS code is crucial for successful international trade operations.