The HS Code 91019120 refers to a specific type of watch that falls under the category of watches (excluding wrist watches) with cases of or clad with precious metal, electrically operated, and with opto-electronic display only. This code is used for the purpose of customs classification and tariff determination for international trade.
The product described by HS Code 91019120 is a type of watch that does not include wrist watches. It is specifically designed with a case made of or coated with precious metal, such as gold or silver. These watches are operated by electricity and feature an opto-electronic display, which typically refers to a digital display rather than traditional analog mechanisms.
These watches are considered luxurious and are often chosen for their aesthetic appeal and high-quality materials. The use of precious metals in the case adds to their value and exclusivity. The opto-electronic display provides a modern and convenient way to display time and other functions.
The bound or Most Favored Nation (MFN) duty rate for HS Code 91019120 is free. This means that when 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. Importers or exporters of watches falling under this HS Code are not subject to any duty charges when trading internationally.
The quantity unit specified for HS Code 91019120 is "number" (NO). This indicates that the quantity of watches being imported or exported is measured in the number of individual units.
Under certain special tariff preference programs, the importation or exportation of watches falling under HS Code 91019120 may be eligible for duty-free treatment. The following countries and programs offer special tariff rates for this product:
Importers and exporters can take advantage of these special tariff preference programs to reduce or eliminate duty charges when trading watches under this HS Code with the respective countries.
The following US states are known for importing watches falling under HS Code 91019120:
These states have shown a significant demand for watches falling under this HS Code, indicating potential market opportunities for exporters targeting these regions.
The US state known for exporting watches falling under HS Code 91019120 is the Virgin Islands. This state is recognized as a major exporter of this product, contributing to international trade in luxury watches.
HS Code 91019120 represents a specific type of watch that is electrically operated, features an opto-electronic display, and has a case made of or coated with precious metal. Importers and exporters of this product can benefit from duty-free treatment under various special tariff preference programs. The demand for these watches is particularly high in states like Hawaii, New York, and the Virgin Islands.