When it comes to wrist watches, the accessories that accompany them are equally important. Straps, bands, or bracelets serve not only as functional components but also as fashion statements. In the world of trade, these accessories are classified under HS Code 91012980.
The HS Code 91012980 is specifically assigned to straps, bands, or bracelets that are designed to be used with wrist watches. These accessories are classified under the subheading 9101.29.90, which encompasses various components associated with wrist watches.
It is essential to note that the straps, bands, or bracelets are entered with wrist watches of the same subheading 9101.29.90 and are classifiable as such. This means that they are considered integral parts of the wrist watches and are subject to the same trade regulations and tariffs.
The bound / MFN (Most Favored Nation) duty rate for HS Code 91012980 is 3.1%. This rate signifies the tariff imposed on the import of these accessories. It is important to understand that the duty rate applies every time a country lowers a trade barrier or opens up a market. This principle ensures that all trading partners receive equal treatment for the same goods or services.
The quantity unit for HS Code 91012980 is "number" (NO). This unit indicates that the quantity of straps, bands, or bracelets is measured individually rather than by weight or volume.
Several special tariff preference programs are applicable to HS Code 91012980. These programs allow for preferential treatment and, in some cases, duty-free importation of the products. The countries eligible for these programs include:
These tariff preference programs aim to facilitate trade and foster economic cooperation between countries.
HS Code 91012980 is imported into the following US states:
HS Code 91012980 is exported from the Virgin Islands to various destinations.
These exporting and importing states play a crucial role in the trade of straps, bands, or bracelets under HS Code 91012980.