HS Code 91012930 refers to wrist watches with cases of or clad with precious metal. These watches are not electrically operated and do not have automatic winding. They typically have 8-17 jewels and a movement size not exceeding $15 and not exceeding 15.2 mm.
When importing wrist watches with this HS code, it is important to be aware of the bound / MFN duty rate. The duty rate for each watch is $2.28, plus an additional 5% on the case and strap, band, or bracelet. This means that for every watch imported, the duty rate is applied to the total value of the watch and its precious metal components.
It is worth noting that trade barriers can affect the duty rate for these watches. Whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This ensures fair and equal treatment for all countries involved in trade.
The quantity unit for this HS code is number (NO), indicating that the watches are counted individually.
There are also several special tariff preference programs available for wrist watches with this HS code. These programs allow for duty-free treatment when importing into specific countries. Some of these programs include:
When exporting wrist watches with this HS code, it is important to consider the importing US states. Different states may have varying regulations and requirements for the importation of these watches. It is essential to comply with these regulations to ensure a smooth export process.
HS Code 91012930 represents wrist watches with cases of or clad with precious metal. Understanding the duty rates, quantity unit, and special tariff preference programs associated with this HS code is crucial for importers and exporters alike. By adhering to the relevant regulations and taking advantage of the available tariff preference programs, businesses can effectively navigate the international trade of these watches.