Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 91011980: All You Need to Know About Wrist Watches with Cases of or Clad with Precious Metal

Wrist watches have become an essential accessory for people around the world. They not only help us keep track of time but also make a fashion statement. Among the various types of wrist watches available, those with cases of or clad with precious metal are highly sought after. In this article, we will delve into the details of these luxurious timepieces, categorized under HS Code 91011980.

Product Description

The HS Code 91011980 refers to wrist watches with cases of or clad with precious metal. These watches are not only visually appealing but also electrically operated, featuring both opto-electronic and mechanical displays. Additionally, they must have over 1 jewel, indicating the presence of intricate and precise mechanisms.

Duty Rates

When it comes to importing wrist watches with HS Code 91011980, certain duty rates apply. The bound or most-favored-nation (MFN) duty rate is set at 61 cents each, with an additional 4.4% on the case and strap, band, or bracelet. Moreover, a 3.7% duty is levied on the battery. These rates ensure that appropriate taxes are paid when these luxury items enter a country's market.

It is important to note that duty rates can vary depending on a country's trade policies. Every time a country lowers a trade barrier or opens up a market, it must do so consistently for the same goods or services from all its trading partners. This principle promotes fair and equal trade relations.

Special Tariff Preference Programs

Under certain circumstances, wrist watches with HS Code 91011980 may be eligible for special tariff preference programs, offering reduced or even duty-free rates. Some of these programs include:

• Australia Special Rate: Duty-free treatment for importing wrist watches into Australia.
• Bahrain Special Rate: Duty-free treatment for importing wrist watches into Bahrain.
• NAFTA for Canada: Duty-free treatment under the North American Free Trade Agreement (NAFTA) for importing wrist watches into Canada.
• Africa Growth and Opportunity Act (AGOA): Duty-free treatment under AGOA for importing wrist watches into eligible African countries.
• Caribbean Basin Initiative (CBI): Duty-free treatment under CBI for importing wrist watches into eligible Caribbean countries.
• Israel Special Rate: Duty-free treatment for importing wrist watches into Israel.
• Andean Trade Preference Act (ATPA): Special rate for importing wrist watches into eligible Andean countries.
• Andean Trade Promotion and Drug Eradication Act (ATPDEA): Special rate for importing wrist watches into eligible Andean countries, promoting trade and combating drug production.
• Jordan Special Rate: Duty-free treatment for importing wrist watches into Jordan.
• Morocco Special Rate: Duty-free treatment for importing wrist watches into Morocco.
• NAFTA for Mexico: Duty-free treatment under NAFTA for importing wrist watches into Mexico.
• Oman Special Rate: Duty-free treatment for importing wrist watches into Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Duty-free treatment for importing wrist watches into eligible countries under the DR-CAFTA agreement.
• Peru Special Rate: Duty-free treatment for importing wrist watches into Peru.
• Caribbean Basin Trade Partnership Act (CBTPA): Duty-free treatment under CBTPA for importing wrist watches into eligible Caribbean countries.
• Singapore Special Rate: Duty-free treatment for importing wrist watches into Singapore.
• Chile Special Rate: A reduced rate of 7.6 cents each, with an additional 0.5% duty on the case and strap, band, or bracelet, and 0.4% on the battery.

These special tariff preference programs aim to promote trade, encourage economic growth, and strengthen diplomatic relations between countries.

Importing and Exporting US States

When it comes to importing wrist watches with HS Code 91011980 to the United States, the Virgin Islands is listed as the importing state. This indicates that the Virgin Islands is a significant market for these luxury timepieces. On the other hand, the exporting states within the US are not specified in the provided data.

wrist watches with cases of or clad with precious metal, electrically operated, and featuring both opto-electronic and mechanical displays, fall under HS Code 91011980. These luxurious timepieces are subject to duty rates and may be eligible for special tariff preference programs, offering reduced or duty-free rates. Understanding the intricacies of HS Code 91011980 helps facilitate international trade and ensures compliance with customs regulations.