HS Code 91012180: Wrist Watches with Cases of or Clad with Precious Metal
Wrist watches have become an essential accessory in today's world, not only for keeping track of time but also as a fashion statement. With various designs and features available, it can be overwhelming to choose the perfect wristwatch. However, one particular HS code, 91012180, focuses on a specific type of wristwatch that is worth exploring.
Product Description:
HS Code 91012180 refers to wrist watches with cases of or clad with precious metal, which are not electrically operated and have automatic winding. Additionally, these watches have movements with 17 jewels or less. The inclusion of precious metals adds a touch of elegance and luxury to these timepieces.
Duty Rates:
When importing wrist watches falling under HS Code 91012180, there are certain duty rates to be aware of. The bound/MFN duty rate is $1.61 each, with an additional 4.4% duty on the case and strap, band, or bracelet. It is important to note that duty rates may vary depending on the country and its trade policies.
Special Tariff Preference Programs:
Certain countries have special tariff preference programs in place for wrist watches falling under HS Code 91012180. These programs offer favorable or duty-free treatment to promote trade and economic cooperation. Some of the special tariff preferences for this HS code include:
1. Free (AU, BH, CA, D, E, IL, J, J+, JO, MA, MX, OM, P, PE, R):
- Australia Special Rate
- Bahrain Special Rate
- NAFTA for Canada (duty-free treatment)
- Africa Growth and Opportunity Act (AGOA) (duty-free treatment)
- Caribbean Basin Initiative (CBI)
- Israel Special Rate (duty-free treatment)
- Andean Trade Preference Act (ATPA)
- Andean Trade Promotion and Drug Eradication Act (ATPDEA)
- Jordan Special Rate
- Morocco Special Rate
- NAFTA for Mexico
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru Special Rate
- Caribbean Basin Trade Partnership Act (CBTPA)
2. 20.1? each + 0.5% on the case and strap, band or bracelet (CL, SG):
- Chile Special Rate
- Singapore Special Rate
Importing and Exporting US States:
When it comes to importing wrist watches with HS Code 91012180 into the United States, the Virgin Islands is specified as one of the importing states. As for exporting, the Virgin Islands is also mentioned as one of the exporting states. This highlights the significance of the Virgin Islands in the trade of wrist watches falling under this HS code.
HS Code 91012180 covers wrist watches with cases of or clad with precious metal, not electrically operated, with automatic winding, and movements with 17 jewels or less. Importers should be aware of the duty rates associated with this HS code, as well as the special tariff preference programs available in different countries. The inclusion of the Virgin Islands as both an importing and exporting state emphasizes its role in the trade of these wrist watches.
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