The HS Code 91011920: Wrist watches with cases of or clad with precious metal, electrically operated, with opto-electronic display only
Wrist watches have become an essential accessory for many people around the world. Not only do they tell time, but they also serve as a fashion statement and a symbol of status. The HS Code 91011920 specifically refers to wrist watches with cases of or clad with precious metal, electrically operated, and with opto-electronic display only. Let's delve deeper into the details of this HS code and understand its implications.
Product Description:
The HS Code 91011920 encompasses wrist watches that are made with cases of or clad with precious metal. These watches are electrically operated and have an opto-electronic display. The use of precious metals in the cases adds a touch of luxury and elegance to these timepieces. The opto-electronic display ensures a clear and accurate representation of time.
Bound / MFN Duty Rate:
The bound / MFN duty rate for products falling under the HS Code 91011920 is free. This means that no duty is applicable when importing these wrist watches. It is important to note that this duty rate is applied every time a country lowers a trade barrier or opens up a market. This ensures fair trade practices among trading partners, as the same goods or services are treated equally.
Quantity Unit:
The quantity unit for wrist watches falling under the HS Code 91011920 is number (NO). This means that the watches are measured and traded based on the number of individual units.
Special Tariff Preference Programs:
Several special tariff preference programs offer favorable treatment for wrist watches falling under the HS Code 91011920. These programs include:
1. Australia Special Rate: Wrist watches imported into Australia under this program are duty-free.
2. Bahrain Special Rate: Bahrain offers duty-free treatment for wrist watches imported under this program.
3. NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), wrist watches imported into Canada receive duty-free treatment.
4. Africa Growth and Opportunity Act (AGOA): Wrist watches imported under AGOA from eligible African countries receive duty-free treatment.
5. Caribbean Basin Initiative (CBI): Wrist watches imported into the Caribbean Basin countries receive duty-free treatment under this initiative.
6. Israel Special Rate: Israel offers duty-free treatment for wrist watches imported under this program.
7. Andean Trade Preference Act (ATPA) and Andean Trade Promotion and Drug Eradication Act (ATPDEA): Wrist watches imported from ATPA and ATPDEA beneficiary countries receive duty-free treatment.
8. Jordan Special Rate: Wrist watches imported into Jordan under this program receive duty-free treatment.
9. Morocco Special Rate: Morocco offers duty-free treatment for wrist watches imported under this program.
10. NAFTA for Mexico: Similar to Canada, wrist watches imported into Mexico under NAFTA receive duty-free treatment.
11. Oman Special Rate: Oman offers duty-free treatment for wrist watches imported under this program.
12. Dominican Republic-Central American Special Rate (DR-CAFTA): Wrist watches imported from DR-CAFTA beneficiary countries receive duty-free treatment.
13. Peru Special Rate: Peru offers duty-free treatment for wrist watches imported under this program.
14. Caribbean Basin Trade Partnership Act (CBTPA): Wrist watches imported into CBTPA beneficiary countries receive duty-free treatment.
15. Singapore Special Rate: Singapore offers a special rate of 5.1% each on the wrist watch, 0.6% on the case and strap, band, or bracelet, and 0.5% on the battery.
Importing US States:
Wrist watches falling under the HS Code 91011920 can be imported into the following US states:
- Virgin Islands
- Virgin Islands
- Virgin Islands
- Virgin Islands
Exporting US States:
Wrist watches falling under the HS Code 91011920 can be exported from the following US states:
- Virgin Islands
- Virgin Islands
- Virgin Islands
- Virgin Islands
the HS Code 91011920 encompasses wrist watches with cases of or clad with precious metal, electrically operated, and with opto-electronic display only. These watches are not only functional but also luxurious. With various special tariff preference programs and duty-free treatment available, the import and export of these watches are facilitated. Understanding the details of the HS Code 91011920 helps ensure smooth trade and compliance with international regulations.
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