In the world of international trade, products are classified using a standardized system called the Harmonized System (HS) code. Each product is assigned a unique code that helps identify its specific characteristics and facilitate trade between countries. One such HS code is 91012130, which refers to straps, bands, or bracelets that are specifically designed to be used with wrist watches.
The product description for HS code 91012130 states that these straps, bands, or bracelets are entered with wrist watches classified under the subheading 9101.21.50. This means that these accessories are specifically designed to be used with wrist watches and can be classified together with them for import or export purposes.
When it comes to import duties, the bound or Most Favored Nation (MFN) duty rate for HS code 91012130 is 3.1%. The MFN duty rate is the standard rate that applies to imports from all trading partners. It ensures that every country lowers its trade barriers or opens up its markets in a non-discriminatory manner.
For quantity measurement, the unit used for HS code 91012130 is "number" (NO). This indicates that the quantity of straps, bands, or bracelets for wrist watches is measured in the number of individual pieces.
Now let's explore the special tariff preference programs available for imports under HS code 91012130. The following countries or regions provide preferential treatment for these products:
This means that if you are importing straps, bands, or bracelets for wrist watches under HS code 91012130 from any of these countries or regions, you may be eligible for duty-free treatment or special rates.
As for the specific trade flow, the data shows that the United States imports this product from the Virgin Islands. The exporting states, in this case, are also the Virgin Islands. This information can be useful for businesses or individuals involved in the import and export of these products to or from the United States.
HS code 91012130 refers to straps, bands, or bracelets that are designed to be used with wrist watches. This code helps classify and identify these accessories for international trade purposes. Importers and exporters should be aware of the specific product description, duty rates, quantity unit, and special tariff preference programs associated with HS code 91012130 to ensure compliance and take advantage of any available benefits.