Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 91149050: Clock Parts, Nesi

When it comes to international trade, it is important to have a standardized system for classifying goods. The Harmonized System (HS) Code is a globally recognized system used for this purpose. Each product is assigned a unique HS Code, which helps in identifying and categorizing goods for customs and trade purposes.

The HS Code 91149050 refers to clock parts, specifically nesi. Clock parts are essential components that are used in the manufacturing and assembly of clocks. This can include mechanisms, hands, dials, bezels, and other components that are required for the functioning of a clock.

One important aspect to consider when importing or exporting goods is the duty rate. The bound or most-favored nation (MFN) duty rate for HS Code 91149050 is 4.2%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same clock parts from all its trading partners. This promotes fair and equal trade practices among countries.

The quantity unit for HS Code 91149050 is "no units collected (X)". This implies that the quantity of clock parts imported or exported is not measured in a specific unit. It could be based on weight, volume, or any other appropriate unit of measurement.

There are also special tariff preference programs available for clock parts under HS Code 91149050. These programs provide certain countries with preferential treatment in terms of duty rates. The following countries have special tariff preferences for clock parts:

• Free: Clock parts imported from least-developed beneficiary developing countries are eligible for Generalized System of Preferences (GSP) under that subheading, which means they receive duty-free treatment.
• Australia: Clock parts are eligible for duty-free treatment under the Automotive Products Trade Act (APTA).
• Bahrain: Clock parts receive a special rate of duty under a bilateral agreement.
• Canada: Clock parts qualify for duty-free treatment under the North American Free Trade Agreement (NAFTA).
• Chile: Clock parts receive a special rate of duty under a bilateral agreement.
• And many more countries...

It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost of trade and competitiveness in the market.

When it comes to importing clock parts under HS Code 91149050, it is essential to consider the regulations and requirements of the importing and exporting countries. Additionally, it is advisable to consult with customs authorities or trade experts to ensure compliance with all applicable rules and regulations.

Overall, the HS Code 91149050 plays a crucial role in the international trade of clock parts. It helps in the proper classification of goods, determines the duty rates, and provides information about special tariff preference programs. Understanding and adhering to these codes and regulations is essential for successful and compliant international trade.